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Blossom Ltd.s Ltd's statement of financial position at December 31, 2024, is presented below. During January 2025, the following transactions occurred. Blossom uses the perpetual inventory method. Jan. Blossom accepted a 4-month, 8% note from Merando Company in payment of Merando's 1,200 account: 3 Blossom wrote off as uncollectible the accounts of Inwood Corporation (f400) and Goza Company (f300). 8 Blossom purchased 17,400 of inventory on account. 11 Blossom sold for 27,500 on account inventory that cost 17,700. 15 Blossom sold imventory that cost 800 to Mark Lauber for 1,400. Lauber charged this amount on his Visa First Bank ear The service fee charged Blossom by First Bankis 3%. 17 Blossom collected 21,800 from customers on account. 21 Blossom paid 17.000 on accounts payable. 24 Blossom received payment in full ( 300 ) from Goza on the account written off on January 3. 27 Blossom purchased supplies for 1,450 cash. 31 Blossom paid other operating expenses, 3,000. Adjustment data: 1. Interest is recorded for the month on the note from January 1. 2. Bad debts are expected to be 6% of the January 31,2025 , accounts receivable. 3. A count of supplies on January 31,2025 , reveals that 400 remains unused. (a) Prepare journal entries for the above transactions and the adjusting entries. (Include entries for cost of goods sold using the perpetual system. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries)

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