Presented below are transactions related to Blossom Company. 1. On December 3, Blossom Company sold $586,700 of merchandise on account to Ayayai Co., terms 4/10, n/30, FOB destination. Blossom paid $390 for freight charges. The cost of the merchandise sold was $391,300. 2. On December 8, Ayayai Co. was granted an allowance of $28,000 for merchandise purchased on December 3. 3. On December 13, Blossom Company received the balance due from Ayayai Co.
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