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Assume that on Sept. 1, Office Depot had an inventory rhar included a variety of calculators. The company uses a perpetual inventory system. During September,
Assume that on Sept. 1, Office Depot had an inventory rhar included a variety of calculators. The company | ||||||||||
uses a perpetual inventory system. During September, these transactions occurred: | ||||||||||
6-Sep | Purchased calculators from Dragoo Co. at a total cost of $1,650, on account, terms n/30 | |||||||||
9-Sep | Paid freight of $50 on calculators purchased from Dragoo Co. | |||||||||
10-Sep | Returned calculators to Dragoo Co. for $66 credit because they did not meet specifications | |||||||||
12-Sep | Sold Calculators Costing $520 for $690 to Fryer Book Store, on account, terms n/30. | |||||||||
14-Sep | Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. | |||||||||
The cost of the calculator was $34. | ||||||||||
20-Sep | Sold Calculators costing $570 doe $760 to Heasley card shop, on account, terms n/30 | |||||||||
Required | ||||||||||
Journalize the September transactions. |
The data is not scattered... these transactions just need to be journalized. I am having a hard time labeling the appropriate accounts.
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