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On June 10,B lossom Company sold 58,000 of merchandise to Nash Company, FO8 shipping point,...

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Accounting

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On June 10,B lossom Company sold 58,000 of merchandise to Nash Company, FO8 shipping point, terms 1/10,n/30. The merchandise parchased by Nash on June 10 cost Biossom $4,500, Nash pars the freight costs of $410 on June 11. Damsged goods totaling $300 are returne d to Btossorn for credit on June 12 . The fair value of these goods is $70. On June 19 , Nash pays Blossom Company in full less the purchase discount: Prepare soparate entries for each transaction for Blossom Company for June 12 and June 19 using the perpetual irwentory system. (Credit account titles are autamatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the account titles and enter of for the amounte) Date: Account Titles and Explanation Debit Credit (To record credit granted for receipt of returned goods) (To record fair value of goods returned) (To record parment in fult less purchase discount) SUPPORT

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