Assume that on September 1 Office Depot had an inventory that included avari- Journalize perpetual ety of calculators. The company uses a perpetual inventory system. During September ventory entries.

these transactions occurred. (S02, 3)

Sept. 6 Purchased calculators from Black Box Co. at a total cost of $1,620, terms n/30.

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

10 Returned calculators to Black Box Co. for $38 credit because they did not meet specifications.

12 Sold calculators costing $520 for $780 to University Book Store, terms n/30. 14. Granted credit of $45 to University Book Store for the return of one calculator that was not ordered. The calculator cost $28.

20 Sold calculators costing $570 for $900 to Campus Card Shop, terms n/30.

Instructions Journalize the September transactions.

Journalize purchase