View Policies Current Attempt in Progress The following transactions occurred in April and May. Both companies use a perpetual inventory system Apr. 5 6 Blossom Company purchased merchandise from DeVito Company for $11,500, terms 2/10,n/30, FOB shipping point. DeVito had paid $ 7,500 for the merchandise. The correct company paid freight costs of $ 250. Blossom Company returned damaged merchandise to DeVito Company and was given a purchase allowance of $ 1.500 DeVito determined the merchandise could not be repaired and sent it to the recyclers. The merchandise had cost DeVito $ 978 Blossom paid the amount due to DeVito Company in full, 8 May 4 (a) Prepare the journal entries to record the above transactions for Blossom Company. (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. Record journal entries in the order presented in the problem) Debit Credit Date Account Titles and Explanation 12C Cloudy ORI to search Question 2 of 5 -74 E Prepare the journal entries to record the above transactions for Blossom Company. (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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (Purchase on account.) (To record cash payment of freight.) (To record purchase return.) ENG 12C Cloudy O o I e to search - 4 !!! (Purchase on account.) (To record cash payment of freight) (To record purchase return.) (Payment on account.) e Textbook and Media 12C Cloudy List of Accounts is o O E to search