Question 8 Prepare the journal entries to record these transactions on Blossom Company's books under a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually.). (a) on March 2, Benson Company sold 828,000 of merchandise to Blossom Company, terms 3/10, n/30. The cost of the merchandise sold was 531,000. Account Titles and Explanation Debit Credit (b) on March 6, Blossom Company returned E124,200 of the merchandise purchased on March 2. The cost of the returned merchandise was 77,080. Account Titles and Explanation Debit Credit (c) on March 12, Benson Company received the balance due from Blossom Company. Account Titles and Explanation Debit Credit