Answer Happy

This information relates to Blossom Co. 1. On April 5, purchased merchandise from Bramble Company for $20,100 on account, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $810 on merchandise purchased from Bramble Company. 3. On April 7, purchased equipment on account for $26,100. 4. On April 8, returned $2,850 of the April 5 merchandise to Bramble Company. 5. On April 15, paid the amount due to Bramble Company in full.
Prepare the journal entries to record these transactions on the books of Blossom Co. using a periodic inventory system. (List all debit entries before credit entries. 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 entero for the amounts.) Date Account Titles and Explanation Debit Credit April 5 Purchases 20100 Accounts Payable 20100 April 6 Freight-In 810 Cash 810 April 7 Equipment 26100 Accounts Payable 26100 April 8 Accounts Payable 2850 Purchase Returns and Allowances 2850 April 15 Accounts Payable 42483 Sales Discounts 867 Cash 43350