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Tue, Feb 25, 2020, 12:22:28 PMIAmerica/Los Angeles -08:00) Question 2 View Policies Current Attempt in Progress Prepare the journal entries to record the following transactions

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Tue, Feb 25, 2020, 12:22:28 PMIAmerica/Los Angeles -08:00) Question 2 View Policies Current Attempt in Progress Prepare the journal entries to record the following transactions on Blossom Company's books using a perpetual inventory system. (If no entry is required, select "No Entry" indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On March 2, Blossom Company sold $889,200 of merchandise to Sunland Company, terms 2/10, n/30. The cost of the merchandise sold was $573,500. (b) On March 6, Sunland Company returned $111,100 of the merchandise purchased on March 2. The cost of the merchandise returned was $67,400. (c) On March 12, Blossom Company received the balance due from Sunland Company. No. Date Account Titles and Explanation Debit Credit (a) Accounts Receivable 573500 Sales Revenue 573500 (To record sale of merchandise) (To record return of merchandise) (c) March 12

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