Question - Journalize the September transactions

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Question - Journalize the September transactions

On September 1, Pina Office Supply had an inventory of 35 calculators at a cost of $12 each. The company uses a perpetual inventory system. During September, the following transactions occurred.

Sept. 6 Purchased 95 calculators at $25 each from York Co.

Sept. 9 Paid freight of $95 on calculators purchased from York Co.

Sept. 10 Returned 3 calculators to York Co. for $78 cash (including freight) because they did not meet specifications.

Sept. 12 Sold 30 calculators costing $26 (including freight) for $35 each on account to Sura Book Store, terms n/30.

Sept. 14 Granted credit of $35 to Sura Book Store for the return of one calculator that was not ordered.

Sept. 20 Sold 32 calculators costing $26 for $34 each on account to Davis Card Shop, terms n/30.

Reference no: EM132654234

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