Business, 06.03.2020 18:54 whrjegt4jrnfdvj

On June 10, Blossom Company purchased $8,200 of merchandise from Sunland Company, terms 4/10, n/30. Blossom Company pays the freight costs of $410 on June 11. Goods totaling $400 are returned to Sunland Company for credit on June 12. On June 19, Blossom Company pays Sunland Company in full, less the purchase discount. Both companies use a perpetual inventory system. Prepare separate entries for each transaction on the books of Blossom Company. (If no entry is required, select "No Entry" for the account titles and enter 0 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.)

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On June 10, Blossom Company purchased $8,200 of merchandise from Sunland Company, terms 4/10, n/30....

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