The following merchandise transactions occurred in December. Both cormpanies use a perpetual inventory systerm. Dec.3. Wildhorse Company sold merchandise to Blossom Co. for $40,000, terms 2/10, n/30, FOB destination. This merchandise cost Wildhorse Company $18,000. 4 The correct company paid freight charges of $800. 8 Blossom Co. returned unwanted merchandise to Wildhorse. The returned merchandise had a sale price of $2,500 and a cost of $990. It was restored to inventory. 13 Wildhorse Company received the balance due from Blossom Co.

Prepare the journal entries to record these transactions on the books of Wildhorse company