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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 inventory system, During
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 Ivanhoe Co. at a total cost of $1,670, on account, terms n/30. 9 Paid freight of $50 on calculators purchased from Ivanhoe Co. 10 Returned calculators to Ivanhoe Co. for $69 credit because they did not meet specifications 12 Sold calculators costing $520 for $770 to Fryer Book Store, on account, terms /30. 14 Granted credit of $35 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $20. 20 Sold calculators costing $680 for $920 to Heasley Card Shop, on account, terms n/30 Journalize the September transactions (if no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries) Date Account Titles and Explanation Debit Credit
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