On September 1. Eden Office Supplj had an inventory oi 30 pocket calculators at a cost of
Question:
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.
Step by Step Answer:
Financial Accounting Text Only
ISBN: 9780006575405
5th Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel