Question: Blossom Co. uses the net method to account for cash discounts. On June 1, 2025, it made sales of $52,500 with terms 3/15, n/45.

Blossom Co. uses the net method to account for cash discounts. On

Blossom Co. uses the net method to account for cash discounts. On June 1, 2025, it made sales of $52,500 with terms 3/15, n/45. On June 12, 2025, Blossom received full payment for the June 1 sale. Prepare the required journal entries for Blossom Co. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts, Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Account Titles and Explanation Date Debit Credit

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