The following transactions are for Blossom Company.

On December $3,$ Blossom Company sold $$521,000$ of merchandise to Sunland Co$.,$ on account, terms $\frac{3}{10},\frac{n}{30}.$ The cost of

the merchandise sold was $$334,400.$

On December $8,$ Sunland Co$.$ was granted an allowance of $$30,700$ for merchandise purchased on December $3.$

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

$($a$)$

Prepare the journal entries to record these transactions on the books of Blossom Company using a perpetual inventory system.

$($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry"

for the account titles and enter $O$ for the amounts.$)$

No$.$

Date

Account Titles and Explanation

Debit

Credit

$($To record credit sale$)$

$($To record cost of merchandise sold$)$