Reference no: EM132703248
Question - Assume that on September 1, Office Depothad an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, these transactions occurred.
Sept. 6 Purchased calculators from Dragoo Co. at a total cost of $1,460, on account, terms n/30.
Sept. 9 Paid freight of $50 on calculators purchased from Dragoo Co.
Sept. 10 Returned calculators to Dragoo Co. for $67 credit because they did not meet specifications.
Sept. 12 Sold calculators costing $510 for $690 to Fryer Book Store, on account, terms n/30.
Sept. 14 Granted credit of $44 to Fryer Book Store for the return of one calculator that was not ordered. The calculation cost $33.
Sept. 20 Sold calculators costing $550 for $750 to Heasley Card Shop, on account, terms n/30.
Required - Journalize the September transactions.
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