On September 1. Eden Office Supplj had an inventory oi 30 pocket calculators at a cost of

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On September 1. Eden Office Supplj had an inventory oi 30 pocket calculators at a cost of SIS each. The company uses a perpetual inventorj system. During September, the following transactions occurred.

Sept. 6 Purchased 80 calculators at $17 each from Mo/art Co. tor cash.

9 Paid freight of $80 on calculators purchased from Mozart Co.

10 Returned 2 calculators to Mozart Co. for $36 credit (including freight) because they did not meet specifications, 12 Sold 2d calculators costing $18 (including freight) lor $31 each to Mega Book Store.

terms n ; "

14 Granted credit ol $31 to Mega Hook Store for the return ol oik' calculator that was not ordered.

>0 Sold 30 calculators costing $18 lor $31 each to Barbara's Cud Shop, terms n/30.

Instructions Journalize the September transactions.

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Financial Accounting Text Only

ISBN: 9780006575405

5th Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

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