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This information relates to Kingbird Co. 1. On April 5, purchased merchandise from Blossom Company for $25,000, on account, terms 2/10,n/30. 2. On April 6,
This information relates to Kingbird Co. 1. On April 5, purchased merchandise from Blossom Company for $25,000, on account, terms 2/10,n/30. 2. On April 6, paid freight costs of $1,000 on merchandise purchased from Blossom Company. 3. On April 7, purchased equipment on account for $36,000. 4. On April 8, returned $6,000 of the April 5 merchandise to Blossom Company. 5. On April 15, paid the amount due to Blossom Company in full. (a) Prepare the journal entries to record these transactions on the books of Kingbird Co. using a periodic inventory system. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) Is required, select "No Entry" for the account titles and enter 0 for the a amount is entered. Do not indent manually. List all debit entries before credit. Credit account titles are automatically indented when
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