Question
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,
Assume that on September 1,Office Depothad an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, these transactions occurred.
Sept. 6Purchased calculators from Dragoo Co. at a total cost of $1,460, on account, terms n/30.Sept. 9Paid freight of $50on calculators purchased from Dragoo Co.Sept. 10Returned calculators to Dragoo Co. for $67credit because they did not meet specifications.Sept. 12Sold calculators costing $510for $690to Fryer Book Store, on account, terms n/30.Sept. 14Granted credit of $44to Fryer Book Store for the return of one calculator that was not ordered. The calculation cost $33.Sept. 20Sold calculators costing $550for $750to Heasley Card Shop, on account, terms n/30.
Journalize the September transactions.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
choose a transaction date
Sept. 6
Sept. 9
Sept. 10
Sept. 12
Sept. 14
Sept. 20
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date
Sept. 6
Sept. 9
Sept. 10
Sept. 12
Sept. 14
Sept. 20
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date
Sept. 6
Sept. 9
Sept. 10
Sept. 12
Sept. 14
Sept. 20
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date
Sept. 6
Sept. 9
Sept. 10
Sept. 12
Sept. 14
Sept. 20
enter an account title to record credit sale
enter a debit amount
enter a credit amount
enter an account title to record credit sale
enter a debit amount
enter a credit amount
(To record credit sale)
choose a transaction date
Sept. 6
Sept. 9
Sept. 10
Sept. 12
Sept. 14
Sept. 20
enter an account title to record cost of merchandise sold
enter a debit amount
enter a credit amount
enter an account title to record cost of merchandise sold
enter a debit amount
enter a credit amount
(To record cost of merchandise sold)
choose a transaction date
Sept. 6
Sept. 9
Sept. 10
Sept. 12
Sept. 14
Sept. 20
enter an account title to record merchandise returned
enter a debit amount
enter a credit amount
enter an account title to record merchandise returned
enter a debit amount
enter a credit amount
(To record merchandise returned)
choose a transaction date
Sept. 6
Sept. 9
Sept. 10
Sept. 12
Sept. 14
Sept. 20
enter an account title to record cost of merchandise returned
enter a debit amount
enter a credit amount
enter an account title to record cost of merchandise returned
enter a debit amount
enter a credit amount
(To record cost of merchandise returned)
choose a transaction date
Sept. 6
Sept. 9
Sept. 10
Sept. 12
Sept. 14
Sept. 20
enter an account title to record credit sale
enter a debit amount
enter a credit amount
enter an account title to record credit sale
enter a debit amount
enter a credit amount
(To record credit sale)
choose a transaction date
Sept. 6
Sept. 9
Sept. 10
Sept. 12
Sept. 14
Sept. 20
enter an account title to record cost of merchandise sold
enter a debit amount
enter a credit amount
enter an account title to record cost of merchandise sold
enter a debit amount
enter a credit amount
(To record cost of merchandise sold)
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