Prepare the journal entries to record the following transactions on Blossom Company's books under a...

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Accounting

Prepare the journal entries to record the following transactions on Blossom Company's books under a perpetual inventory system.
(a)
On March 2, Swifty Company sold $869,000 of merchandise on account to Blossom Company, terms 310,n30. The cost of the merchandise sold was $605,000.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
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