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This information relates to Blossom Co. 1. 2. On April 5, purchased merchandise from Sunland Company for $27,200, terms 2/10,n/30. On April 6, paid freight
This information relates to Blossom Co. 1. 2. On April 5, purchased merchandise from Sunland Company for $27,200, terms 2/10,n/30. On April 6, paid freight costs of $3,200 on merchandise purchased from Sunland Company, On April 7, purchased equipment on account for $38,200. On April 8, returned some of the April 5 merchandise to Sunland Company, which cost $3,800. 3. 4. 5. On April 15. paid the amount due to Sunland Company in full. Prepare the journal entries to record these transactions on the books of Blossom Cousing a periodic inventory system. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit April merchandise to Sunland company April 6 erchandise to cash April 7 Equipment to April 8
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