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Blossom Corp. uses a perpetual inventory system. The company had the following inventory transactions in April:
April Purchased merchandise from Whispering Winds Ltd for $ terms n FOB shipping point.
The appropriate company paid freight costs of $ on the merchandise purchased on April
Purchased supplies on account for $
Returned merchandise to Whispering Winds and received a credit of $ The merchandise was returned to inventory for future resale.
Paid the amount due to Whispering Winds in full.
Additional information:
The cost of the merchandise sold on April was $
The cost of the merchandise returned on April was $
Whispering Winds uses a perpetual inventory system.
Record the transactions in the books of Whispering Winds. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter Ofor the amounts. Record journal entries in the
