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Question: Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, these transactions occurred.
Sept. 6Purchased calculators from Crane Co. at a total cost of $1,610, terms n/30.9Paid freight of $40 on calculators purchased from Crane Co.10Returned calculators to Crane Co. for $52 credit because they did not meet specifications.12Sold calculators costing $580 for $760 to Fryer Book Store, terms n/30.14Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $32.20Sold calculators costing $650 for $800 to Heasley Card Shop, terms n/30.
Journalize the September transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
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