Blossom Company uses special journals and a general journal. The following transactions occurred during September 2020.Sept. 2 Sold merchandise on account to H. Drew, invoice no. 101, $720, terms n/30. The cost of the merchandise sold was $400.10 Purchased merchandise on account from A. Pagan $595, terms 2/10, n/30.12 Purchased office equipment on account from R. Cairo $6,000.21 Sold merchandise on account to G. Holliday, invoice no. 102 for $765, terms 2/10, n/30. The cost of the merchandise sold was $495.25 Purchased merchandise on account from D. Downs $855, terms n/30.27 Sold merchandise to S. Miller for $650 cash. The cost of the merchandise sold was $445. Prepare a sales journal and record the transactions for September that should be journalized. (Record entries in the orderpresented in the problem statement.)BLOSSOM COMPANYSales JournalsiAccountInvoiceAccounts Receivable Dr.Cost of Goods Sold Dr.DateDebitedNo.Ref.Sales Revenue Cr.Inventory Cr.2020oToxthook and Modia>>>>>

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Description: Blossom Company uses special journals and a general journal. The following transactions occurred during September 2020.Sept. 2 Sold merchandise on account to H. Drew, invoice no. 101, $720, terms n/30. The cost of the merchandise sold was $400.10 Pur

Sales Journal does not record cash sales to customers

Answered: Blossom Company uses special journals…

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Accounting For Merchandising Businesses

Section: Chapter Questions

Problem 7PB: Selected transactions for Niles Co. during March of the current year are listed in Problem 6-1B....

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Blossom Company uses special journals and a general journal. The following transactions occurred during September 2020.

Sept. 2		Sold merchandise on account to H. Drew, invoice no. 101, $720, terms n/30. The cost of the merchandise sold was $400.
10		Purchased merchandise on account from A. Pagan $595, terms 2/10, n/30.
12		Purchased office equipment on account from R. Cairo $6,000.
21		Sold merchandise on account to G. Holliday, invoice no. 102 for $765, terms 2/10, n/30. The cost of the merchandise sold was $495.
25		Purchased merchandise on account from D. Downs $855, terms n/30.
27		Sold merchandise to S. Miller for $650 cash. The cost of the merchandise sold was $445.

Prepare a sales journal and record the transactions for September that should be journalized. (Record entries in the order
presented in the problem statement.)
BLOSSOM COMPANY
Sales Journal
si
Account
Invoice
Accounts Receivable Dr.
Cost of Goods Sold Dr.
Date
Debited
No.
Ref.
Sales Revenue Cr.
Inventory Cr.
2020
oToxthook and Modia
>
>
>
>
>

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