Prepare a tabular summary to record the following transactions on Blossom Company's books using a...
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Prepare a tabular summary to record the following transactions on Blossom Company's books using a perpetual inventory system. a. On September 3, Crane Company sold $868,000 of merchandise to Blossom Company on account, terms 2/10,n/30. The cost of the merchandise sold was $533,200. b. On September 6, Blossom Company returned $111,600 of the merchandise purchased on March 2. The seller's cost of the merchandise returned was $74,400. c. On September 13, Blossom Company paid the balance due to Crane Company
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