The following transactions are for Blossom Company.

1.

On December 3, Blossom Company sold $499,800 of merchandise to Sunland Co. on account. The cost of the merchandise sold was $317,400.

2.

On December 8, Sunland Co. returned $23,300 of merchandise purchased on December 3. The cost of the goods was $16,000.

On December 13, Blossom Company received the balance due from Sunland Co.

Prepare a tabular summary to record these transactions for Blossom Company using a perpetual inventory system.

Cash	Accts. Rec	Inventory	Accts. Pay	Common Stock	Rev.	Exp.
Dec. 3							Sales Revenue
Dec. 3							Cost of goods sold
Dec.8							Sales Returns and Allowences
Dec.8th							Cost of goods sold
Dec. 13