Reference no: EM132783950
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. 6 Purchased calculators from Crane Co. at a total cost of $1,610, terms n/30.
Sept. 9 Paid freight of $40 on calculators purchased from Crane Co.
Sept. 10 Returned calculators to Crane Co. for $52 credit because they did not meet specifications.
Sept. 12 Sold calculators costing $580 for $760 to Fryer Book Store, terms n/30.
Sept. 14 Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $32.
Sept. 20 Sold calculators costing $650 for $800 to Heasley Card Shop, terms n/30.
Required - Journalize the September transactions.