Your answer is partially correct. Prepare the journal entries to record these transactions on Blossom Company's books. Blossom Company uses a periodic inventory system Feb. 5 6 Blossom purchased $13,000 of merchandise from NW Wholesale Company, terms 2/10, n/30, FOB shipping point. The correct company paid freight costs of $160. Blossom returned $1,000 of the merchandise purchased on February 5. Blossom paid the balance due to NW Wholesale. 8 11 (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 O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Feb. 5 Purchases 13000 Accounts Payable 13000 (Purchase on account.) Fab Merchandise Imrentory Question 1 of 5