Question

On June 10, Blossom Company purchased $ 6,000 of merchandise from Sunland Company, terms  2/10, n/30. Blossom Company pays the freight costs of $ 350 on June 11. Goods totaling $ 200 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.)

Date	Account Titles and Explanation	Debit	Credit
Choose a transaction dateChoose a transaction date  June 10June 11June 12June 19	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
Choose a transaction dateChoose a transaction date  June 10June 11June 12June 19	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
Choose a transaction dateChoose a transaction date  June 10June 11June 12June 19	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
Choose a transaction dateChoose a transaction date  June 10June 11June 12June 19	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount

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List of Accounts

Prepare separate entries for each transaction for Sunland Company. The merchandise purchased by Blossom Company on June 10 cost Sunland Company $ 2,000, and the goods returned cost Sunland Company $ 200. (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.)

Date	Account Titles and Explanation	Debit	Credit
Choose a transaction dateChoose a transaction date  June 10June 11June 12June 19	Enter an account title to record credit sale	Enter a debit amount	Enter a credit amount
	Enter an account title to record credit sale	Enter a debit amount	Enter a credit amount
	(To record credit sale)
	Enter an account title to record cost of goods sold	Enter a debit amount	Enter a credit amount
	Enter an account title to record cost of goods sold	Enter a debit amount	Enter a credit amount
	(To record cost of goods sold)
Choose a transaction dateChoose a transaction date  June 10June 11June 12June 19	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
Choose a transaction dateChoose a transaction date  June 10June 11June 12June 19	Enter an account title to record credit sale	Enter a debit amount	Enter a credit amount
	Enter an account title to record credit sale	Enter a debit amount	Enter a credit amount
	(To record credit sale)
	Enter an account title to record cost of goods returned	Enter a debit amount	Enter a credit amount
	Enter an account title to record cost of goods returned	Enter a debit amount	Enter a credit amount
	(To record cost of goods returned)
June 19	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title

Answer 1

Journal entry -Blossom company

Date	account and explanation	debit	credit
June 10	Merchandise inventory	6000
	Account payable		6000
	(To record purchase)
June 11	Merchandise inventory	350
	Cash		350
	(To record freight paid)
June 12	Account payable	200
	Merchandise inventory		200
	(To record goods returned)
June 19	Account payable	5800
	Cash (5800*97%)		5626
	Merchandise inventory		174
	(To record amount paid)

Journal entry : Sunland company :

Date	account and explanation	debit	credit
June 10	Account receivable	6000
	Sales revenue		6000
	(To record sales)
	Cost of goods sold	2000
	Merchandise inventory		2000
	(To record cost of goods sold)
June 12	Sales return and allowance	200
	Account receivable		200
	(To record sales return)
	Merchandise inventory	200
	Cost of goods sold		200
	(To record cost of goods returned)
June 19	Cash	5626
	Sales discount	174
	Account receivable		5800
	(To record amount received)