Question: please answer with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation. noh oW R On
please answer with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation.


noh oW R On April 5, purchased merchandise from Sunland Company for $ 27,200, terms 2/10, /30, On April 6, paid freight costs of $ 3,200 on merchandise purchased from Sunland Company. On April 7, purchased equipment on account for $ 38,200, On April B, returned some of the April 5 merchandise to Sunland Company, which cost $ 3,800 On April 15, paid the amount due to Sunland Company in full. A Your answer is partially correct. Prepare the journal entries to record these transactions on the books of Blossom Co. using a periodic inventory system. (Iif no entry is required, select "No Entry\" for the account titles ond enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Accounts Payable i 27200 | ) | I L ] = 3200 [ ntomen = L] 38200 Accounts Payable Accounts Payable Inventory Accounts Payahle Purchase Discounts Cash eTextbook and Media List of Accounts = Your answer is partially correct. 3800 Assume that Blossom Co. paid the balance due to Sunland Company on May 4 instead of April 13, Prepare the journal entry to record this payment. (If no entry is required, sefect "No Entry\" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually,) Date Account Titles and Explanation May4 = Accounts Payable Debit
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