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Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual inwentory system. During September,
Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual inwentory system. During September, these transactions occurred. Sept. 6 Purchased calculators from Blossom Co. at a total cost of $1,683, on account, terms n/30. 9 Paid freight of $51 on calculators purchased from Blossom Ca. 10 Returned calculators to Blossam Ca. for $64 credit because they did not meet specifications. 12 Sold calculators costing $526 for $706 to Crane Book Store, on account, terms n/30. 14 Granted credit of $47 to Crane Book Store for the return of one calculator that was not ordered. The calculator cost $38. 20 Sold calculators costing $577 for $773 to Cullumber Card Shop, on account, terms n/30. Prepare a tabular summary to record the transactions for the month of September for Office Depot using a perpetual inwentory system. Include margin explanations for the changes in revenues and expenses. - Decreases in assets, liabilities, ar stockholders' equity require a negative sign or parentheses. - Increases in expenses require a negative sign ar parentheses. -Reductions in revenues require a negative sign or parentheses. eTextbook and Media Assistance Used Stockholders' Equity Retained Earnings Rev. Exp. Div. $ $ 706 706 eTextbook and Media Assistance Used Saved work will be auto-submitted on the due date. Auto- Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual inwentory system. During September, these transactions occurred. Sept. 6 Purchased calculators from Blossom Co. at a total cost of $1,683, on account, terms n/30. 9 Paid freight of $51 on calculators purchased from Blossom Ca. 10 Returned calculators to Blossam Ca. for $64 credit because they did not meet specifications. 12 Sold calculators costing $526 for $706 to Crane Book Store, on account, terms n/30. 14 Granted credit of $47 to Crane Book Store for the return of one calculator that was not ordered. The calculator cost $38. 20 Sold calculators costing $577 for $773 to Cullumber Card Shop, on account, terms n/30. Prepare a tabular summary to record the transactions for the month of September for Office Depot using a perpetual inwentory system. Include margin explanations for the changes in revenues and expenses. - Decreases in assets, liabilities, ar stockholders' equity require a negative sign or parentheses. - Increases in expenses require a negative sign ar parentheses. -Reductions in revenues require a negative sign or parentheses. eTextbook and Media Assistance Used Stockholders' Equity Retained Earnings Rev. Exp. Div. $ $ 706 706 eTextbook and Media Assistance Used Saved work will be auto-submitted on the due date. Auto
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