Journalize the transactions of particular month

Reference no: EM131827065

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 Dragoo Co. at a total cost of $1,650, terms n/30.

9 Paid freight of $50 on calculators purchased from Dragoo Co.

10 Returned calculators to Dragoo Co. for $66 credit because they did not meet specifications.

12 Sold calculators costing $520 for $690 to Fryer Book Store, terms n/30.

14 Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $34. 20

Sold calculators costing $570 for $760 to Heasley Card Shop, terms n/30.

Instructions: Journalize the September transactions.

Reference no: EM131827065

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