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Question - Journalize the September transactions

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Question - Journalize the September transactions

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 $1,660, on account, terms n/30.

Sept. 9 Paid freight of $52 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 $470 for $710 to Fryer Book Store, on account, terms n/30.

Sept. 14 Granted credit of $42 to Fryer Book Store for the return of one calculator that was not ordered. The calculation cost $35.

Sept. 20 Sold calculators costing $570 for $730 to Heasley Card Shop, on account, terms n/30.

Reference no: EM132714844

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