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Your answer is partially correct. Try again. Prepare the journal entries to record these transactions on Blossom Company's books under a perpetual inventory system. (Credit

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Your answer is partially correct. Try again. Prepare the journal entries to record these transactions on Blossom Company's books under a perpetual inventory system. (Credit account titles are automatically Indented when amount is entered. Do not indent manually.) (a) on March 2, Benson Company sold 828,000 of merchandise to Blossom Company, terms 3/10, 1/30. The cost of the merchandise sold was 531,000. Account Titles and Explanation Debit Credit 828000 Inventory X Accounts Payable 828000 (b) on March 6, Blossom Company returned 124,200 of the merchandise purchased on March 2. The cost of the returned merchandise was 77,080. Account Titles and Explanation Debit Credit Accounts Payable 124200 Inventory 124200 (c) on March 12, Benson Company received the balance due from Blossom Company. Account Titles and Explanation Deb Crecisi Accounts Payable 682686 int Prepare the journal entries to record these transactions on biossom company's DOOKS under a perpetuai inventory system. (Credit account titles are automatically indented when amount is entered. Do not Indent manually.) (a) on March 2, Benson Company sold 828,000 of merchandise to Blossom Company, terms 3/10, 1/30. The cost of the merchandise sold was 531,000. Account Titles and Explanation Debit Credit x Inventory 828000 X Accounts Payable 828000 (b) on March 6, Blossom Company returned 124,200 of the merchandise purchased on March 2. The cost of the returned merchandise was 77,080. Debit Credit Account Titles and Explanation x. Accounts Payable 124200 X Inventory 124200 () on March 12, Benson Company received the balance due from Blossom Company Account Titles and Explanation Debit Credit Accounts Payable 682686 X Inventory 21114 X Cash 703800

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