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		Purchased calculators from Dragoo Co. at a total cost of $1,740, terms n/30.
9		Paid freight of $40 on calculators purchased from Dragoo Co.
10		Returned calculators to Dragoo Co. for $56 credit because they did not meet specifications.
12		Sold calculators costing $450 for $650 to Fryer Book Store, terms n/30.
14		Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $34.
20		Sold calculators costing $560 for $730 to Heasley Card Shop, terms n/30.