10 11 12 13 14 15 16 Problems 6.17 Non-GST version Dundas Desks buys desks for $80 each and sells them for $140 each. On 1 August 2019. 86 desks were in inventory. Dundas Desks completed the transactions below during August Aug. 2 Purchased 140 desks on account. Terms: 2/10, n/30, EXW supplier's warehouse. 3 Paid freight cost of $120 on 2 August purchase. 4 Sold 80 desks on account. Terms: 3/10, n/30, DDP acquirer's warehouse. Paid freight cost of $60. Retumed 30 of the desks purchased on 2 August and paid the amount due on the desks retained in stock 10. A customer returned 11 of the desks sold on 4 August. The desks were not defective and were returned to stock 12 Purchased 72 desks on credit. Terms: 2/10, 1/30, EXW supplier's warehouse 13 Received payment from customer for the amount due on 4 August sale. 18 Sold 140 desks for cash at $120 each. 20 Six of the desks sold on 18 August were returned by the customer for a cash refund. The desks were not defective. 23 Paid the supplier the amount owed for the 12 August purchase. A physical inventory count taken on 31 August 2019 showed 63 desks in stock. 86+140-80-30+11+72-140-6-65 10 11 12 13 14 15 16 Problems 6.17 Non-GST version Dundas Desks buys desks for $80 each and sells them for $140 each. On 1 August 2019. 86 desks were in inventory. Dundas Desks completed the transactions below during August Aug. 2 Purchased 140 desks on account. Terms: 2/10, n/30, EXW supplier's warehouse. 3 Paid freight cost of $120 on 2 August purchase. 4 Sold 80 desks on account. Terms: 3/10, n/30, DDP acquirer's warehouse. Paid freight cost of $60. Retumed 30 of the desks purchased on 2 August and paid the amount due on the desks retained in stock 10. A customer returned 11 of the desks sold on 4 August. The desks were not defective and were returned to stock 12 Purchased 72 desks on credit. Terms: 2/10, 1/30, EXW supplier's warehouse 13 Received payment from customer for the amount due on 4 August sale. 18 Sold 140 desks for cash at $120 each. 20 Six of the desks sold on 18 August were returned by the customer for a cash refund. The desks were not defective. 23 Paid the supplier the amount owed for the 12 August purchase. A physical inventory count taken on 31 August 2019 showed 63 desks in stock. 86+140-80-30+11+72-140-6-65