Reference no: EM133139195
Question - On September 1, Flint Office Supply had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, the following transactions occurred.
Sept. 6 Purchased calculators from Metlock Co. at a total cost of $2,125, terms n/30, FOB shipping point.
Sept. 9 Paid freight of $85 on calculators purchased from Metlock Co.
Sept. 10 Returned calculators to Metlock Co. for $130 cash (including freight) because they did not meet specifications.
Sept. 12 Sold calculators costing $702 for $864 to Sura Book Store, on account, terms n/30.
Sept. 14 Granted credit of $32 to Sura Book Store for the return of one calculator that was not ordered. The calculator cost $26.
Sept. 20 Sold 30 calculators costing $806 for $1,023 on account to Davis Card Shop, on account,terms n/30.
Required - Journalize the September transactions for Flint Office Supply.