2) On September 1, Reid Supply had an inventory of 15 backpacks at a cost of $20 each The company uses a perpetual inventory system During September, the following transactions and events occurred Sept 4 Purchased 70 backpacks at $20 each from Hunter, terms 2 10, n 30 Sept 6 Received credit of $100 for the return of 5 backpacks purchased on Sept 4 that were defective Sept Sept Sept Sold 40 backpacks for $35 each to Oliver Books, terms 2 10, n 30 13 Sold 15 backpacks for $35 each to Heller Office Supply, terms n 30 14 Paid Hunter in full, less discount 9 Instructions Journalize the September transactions for Reid Supply

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2) On September 1, Reid Supply had an inventory of 15 backpacks at a cost of $20 each  The company uses a perpetual inventory system  During September, the following transactions and events occurred  Sept  4 Purchased 70 backpacks at $20 each from Hunter, terms 2 10, n 30  Sept  6 Received credit of $100 for the return of 5 backpacks purchased on Sept  4 that were defective  Sept  Sept  Sept  Sold 40 backpacks for $35 each to Oliver Books, terms 2 10, n 30  13 Sold 15 backpacks for $35 each to Heller Office Supply, terms n 30  14 Paid Hunter in full, less discount  9 Instructions Journalize the September transactions for Reid Supply

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2) On September 1, Reid Supply had an inventory of 15 backpacks at a cost of $20 each. The company uses a perpetual inventory system.

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