Exercise 5-os a-b (Part Level Submission) (Video) Presented below are transactions related to Blossom Company. On December 3, Blossom Company sold $571,000 of merchandise on account to Ayayai Co., terms 2/10, nv/30, FOB destination. Blossom paid $320 for freight charges merchandise sold was $351,000. 1. 2. On December 8, Ayayai Co. was granted an allowance of $20,100 for merchandise purchased on December 3. 3. On December 13, Blossom Company received the balance due from Ayayai Co. Assume that Blossom Company received the balance due from Ayayai Co. on January 2 of the following year instead of December 13. Prepare the journal entry to record the receipt of payment on Danuary 2. (Credit account titles are automatically indented when amount is entered. Do mot indent manualty.)