Question: Current Attempt in Progress Presented below are two independent situations. Assume each company uses a periodic inventory system. On January . 6 , Blossom Co
Current Attempt in Progress
Presented below are two independent situations. Assume each company uses a periodic inventory system.
On January Blossom Co sells merchandise on account to Pryor Company for $ terms On January Pryor Company pays the amount due.
On January D Laskowski purchases $ of merchandise from Ayayai Co terms D Laskowski returns $ of merchandise to Ayayai on January Ayayai Co charges its customers per month on overdue amounts. On March Ayayai records interest on D Laskowski's pastdue account. On March D Laskowski pays his account in full.
prepare entries for January January March and March Ignore any inventory and cost of goods sold entries
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