To record credit sale, To recordcost of Merchandise sold , To record return of goods, To record cost of merchandise reurn

Question 5 of 10 -/1 View Policies Current Attempt in Progress Blossom Corp. uses a perpetual inventory system. The company had the following inventory transactions in April: April 3 6 7 Purchased merchandise from Grouper Ltd. for $28,560, terms n/30, FOB shipping point The appropriate company paid freight costs of $714 on the merchandise purchased on April 3. Purchased supplies on account for $5,100. Returned merchandise to Grouper and received a credit of $3,570. The merchandise was returned to inventory for future resale. Paid the amount due to Grouper in full. 8 30 1. 2. The cost of the merchandise sold on April 3 was $19,380, Grouper expected a return rate of 15%. The cost of the merchandise returned on April 8 was $2,346. Grouper uses a perpetual inventory system. Q 3. A: Record the transactions in the books of Grouper. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) .. nata Account Tihar and Eyelastan A