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solve them please On January 2.2025. Blossom Inc. sells goods to Cullumber Company in exchange for a zero-interestbearing note With face value Of SIC). 100.
solve them please
On January 2.2025. Blossom Inc. sells goods to Cullumber Company in exchange for a zero-interestbearing note With face value Of SIC). 100. With payment due in 12 months. The fair value Of the goods at the date Of sale is 9.100 (cost $5,460). Cal) Prepare the journal entry to record this transaction on January 2.2025. (Credit account titles are autornaticalty indented When is entered. [h not indent manually. If no entry is required, seJect No entry' for the acawnt titles and enter O for the amounts. List an debit entries More credit en tries) Date Account Titles and Explanation 2.2025 t (To record sales) Jan 2.2025 (To record cost of goods sold) Debit credit
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