ow Help G Assur, That Tracy Correa-y | + Error FINANCIAL ACCOUNTING ( Kimmel, Financial Accounting, 8e Brief Exercise 5-3 Your answer is partially correct. Try apasin Prepare the journal entries to record the folowing transactions on Blossom Entry" for the account titles and enter o for the amounts manually. Record journal entries in the order presented in the problem.) Company's books using a perpetual Inventory system. (If. no entry is required, sel the amounts. Credit account titles are automatically Indented when amount is entered. Do not inden On March 2, Blossom Company sold $853,600 of merchandise to On March 6, Sunland Company returned $114,200 of the merchandise purchased on March2. The cost of the merchandise Sunland Company, terms 3/10, n/30. The cost of the merchandise sold was $540,300. (a) (b) (c) On March 12, Blossom Company received the balance due from Sunland Company. Credit Date Account Titles and Explanation No. 8536 (a) T March 2 |Accounts Receivable Sales Revenue (To record sale of merchandise) March 2Cost of Goods Sold 54 Inventory Returns aPages 114200 )T March 6