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33 The questions are connected. It is 1 Question not 2 Date Account Titles and Explanation Debit Credit (To record sale of calculators on account)

image text in transcribedimage text in transcribed33 The questions are connected. It is 1 Question not 2

Date Account Titles and Explanation Debit Credit (To record sale of calculators on account) (To record cost of calculators sold) (To record return of calculator that was not ordered) (To record cost of calculators returned) (To record sale of calculators on account) (To record cost of calculators sold) Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, these transactions occurred. Sept. 6 9 10 12 Purchased calculators from Wildhorse Co. at a total cost of $1,680, terms n/30. Paid freight of $60 on calculators purchased from Wildhorse Co. Returned calculators to Wildhorse Co. for $65 credit because they did not meet specifications. Sold calculators costing $520 for $670 to Fryer Book Store terms n/30. Granted credit of $35 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $22 Sold calculators costing $540 for $760 to Heasley Card Shop, terms n/30. 14 20

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