{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-29T01:06:10-04:00", "answer_date": "2024-06-29 01:06:10", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4434912", "url": "\/study-help\/questions\/assume-that-on-september-1-office-depot-had-an-inventory-4434912", "question_creation_date_js": "2024-06-29T01:06:10-04:00", "question_creation_date": "Jun 29, 2024 01:06 AM", "meta_title": "[Solved] Assume that on September 1, Office Depot | SolutionInn", "meta_description": "Answer of - Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a p | SolutionInn", "meta_keywords": "assume,september,1,office,depot,inventory,included,variety,calculators,company,perpetual,system", "question_title_h1": "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,", "question_title": "Assume that on September 1, Office Depot had an inventory that included", "question_title_for_js_snippet": "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 fromCullumberCo at a total cost of $1,780, terms n 30 9 Paid freight of $50on calculators purchased fromCullumberCo 10Returned calculators toCullumberCo for $57credit because they did not meet specifications 12Sold calculators costing $570for $750to Fryer Book Store, terms n 30 14Granted credit of $40to Fryer Book Store for the return of one calculator that was not ordered The calculator cost $27 20Sold calculators costing $550for $750to Heasley Card Shop, terms n 30 Journalize the September transactions (If no entry is required, select No Entry for the account titles and enter 0 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 ) sept 6 sept 9 sept 10 sept 12 sept 12 sept 14 sept 14 sept 20 sept 20 CraneWarehouse distributes hardback books to retail stores and extends credit terms of2 10, n 30 to all of its customers During the month of June, the following merchandising transactions occurred June 1 Purchased books on account for $1,280(including freight) from Catlin Publishers, terms2 10, n 30 3 Sold books on account to Garfunkel Bookstore for $1,400 The cost of the merchandise sold was $800 6 Received $80credit for books returned to Catlin Publishers 9 Paid Catlin Publishers in full 15Received payment in full from Garfunkel Bookstore 17 Sold books on account to Bell Tower for $1,100, terms of2 10, n 30 The cost of the merchandise sold was $950 20 Purchased books on account for $800from Priceless Book Publishers, terms1 15, n 30 24 Received payment in full, less discount from Bell Tower 26 Paid Priceless Book Publishers in full 28Sold books on account to General Bookstore for $1,550 The cost of the merchandise sold was $800 30 Granted General Bookstore $200credit for books returned costing $70 Journalize the transactions for the month of June forCraneWarehouse, using a perpetual inventory system (If no entry is required, select No Entry for the account titles and enter 0 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 ) June 1 June 3 June 3 June 6 June 9 June 15 June 17 June 17 June 20 June 24 June 26 June 28 June 28 June 30 June 30", "question_description": "

Assume that on September 1,Office Depot<\/strong>had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, these transactions occurred.<\/p>

<\/p>

Sept. 6 Purchased calculators fromCullumberCo. at a total cost of $1,780, terms n\/30.<\/p>

9 Paid freight of $50on calculators purchased fromCullumberCo.<\/p>

10Returned calculators toCullumberCo. for $57credit because they did not meet specifications.<\/p>

12Sold calculators costing $570for $750to Fryer Book Store, terms n\/30.<\/p>

14Granted credit of $40to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $27.<\/p>

20Sold calculators costing $550for $750to Heasley Card Shop, terms n\/30.<\/p>

<\/p>

Journalize the September transactions.(If no entry is required, select \"No Entry\" for the account titles and enter 0 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.)<\/em><\/strong><\/p>

<\/p>

sept. 6<\/em><\/strong><\/p>

<\/p>

sept. 9<\/em><\/strong><\/p>

<\/p>

sept. 10<\/em><\/strong><\/p>

<\/p>

sept. 12<\/em><\/strong><\/p>

<\/p>

sept. 12<\/em><\/strong><\/p>

<\/p>

sept. 14<\/em><\/strong><\/p>

<\/p>

sept. 14<\/em><\/strong><\/p>

<\/p>

sept. 20<\/em><\/strong><\/p>

<\/p>

sept. 20<\/em><\/strong><\/p>

<\/p>

<\/p>

<\/p>

CraneWarehouse distributes hardback books to retail stores and extends credit terms of2\/10, n\/30 to all of its customers. During the month of June, the following merchandising transactions occurred.<\/p>

<\/p>

June 1 Purchased books on account for $1,280(including freight) from Catlin Publishers, terms2\/10, n\/30.<\/p>

3 Sold books on account to Garfunkel Bookstore for $1,400. The cost of the merchandise sold was $800.<\/p>

6 Received $80credit for books returned to Catlin Publishers. <\/p>

9 Paid Catlin Publishers in full.15Received payment in full from Garfunkel Bookstore.<\/p>

17 Sold books on account to Bell Tower for $1,100, terms of2\/10, n\/30. The cost of the merchandise sold was $950.<\/p>

20 Purchased books on account for $800from Priceless Book Publishers, terms1\/15, n\/30. <\/p>

24 Received payment in full, less discount from Bell Tower. <\/p>

26 Paid Priceless Book Publishers in full.28Sold books on account to General Bookstore for $1,550. The cost of the merchandise sold was $800. 30 Granted General Bookstore $200credit for books returned costing $70.<\/p>

<\/p>

Journalize the transactions for the month of June forCraneWarehouse, using a perpetual inventory system.(If no entry is required, select \"No Entry\" for the account titles and enter 0 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.)<\/em><\/strong><\/p>

<\/p>

June 1 <\/em><\/strong><\/p>

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June 3<\/em><\/strong><\/p>

<\/p>

June 3<\/em><\/strong><\/p>

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June 6<\/em><\/strong><\/p>

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June 9<\/em><\/strong><\/p>

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June 15<\/em><\/strong><\/p>

<\/p>

June 17<\/em><\/strong><\/p>

<\/p>

June 17<\/em><\/strong><\/p>

<\/em><\/strong><\/p>

June 20<\/em><\/strong><\/p>

<\/p>

June 24<\/em><\/strong><\/p>

<\/p>

June 26<\/em><\/strong><\/p>

<\/em><\/strong><\/p>

June 28<\/em><\/strong><\/p>

<\/p>

June 28<\/em><\/strong><\/p>

<\/p>

June 30<\/em><\/strong><\/p>

<\/p>

June 30<\/em><\/strong><\/p>", "transcribed_text": "", "related_book": { "title": "Intermediate Accounting", "isbn": "470964731, 978-0470964736, 978-0470161012", "edition": "9th Canadian Edition, Volume 2", "authors": "Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/516.jpg", "uri": "\/textbooks\/intermediate-accounting-9th-canadian-edition-volume-2-516", "see_more_uri": "" }, "free_related_book": { "isbn": "1489962409", "uri": "\/textbooks\/fundamentals-of-statistics-1st-edition-9781489962409", "name": "Fundamentals Of Statistics", "edition": "1st Edition" }, "question_posted": "2024-06-29 01:06:10", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/a-070-kg-ball-moving-horizontally-at-50-ms-strikes", "description": "A 0.70 kg ball moving horizontally at 5.0 m\/s strikes a vertical wall and rebounds with speed 2.0 m\/s. What is the magnitude of the change in its linear momentum?", "stars": 3 }, { "url": "\/study-help\/introduction-to-probability-statistics\/if-a-and-b-are-mutually-exclusive-events-such-that-1981855", "description": "If A and B are mutually exclusive events such that P(A) > 0 and P(B) > 0, then A and B cannot be independent.", "stars": 3 }, { "url": "\/valentine-investigations-has-the-following-information-for-its-cash-account", "description": "Valentine Investigations has the following information for its cash account: Balance, 1\/31 ..............$ 5,030 Deposits during February ......... 93,160 Checks written during February ...... 92,270...", "stars": 3 }, { "url": "\/study-help\/questions\/a-bank-manager-has-developed-a-new-system-to-reduce-9848603", "description": "A bank manager has developed a new system to reduce the time customers spend waiting to be served by tellers during peak business hours. The mean waiting time during peak business hours under the...", "stars": 3 }, { "url": "\/study-help\/questions\/1-16-which-financial-statements-structure-is-closest-to-9798999", "description": "1 16 ? Which financial statement's structure is closest to that of the basic accounting equation a. Balance Sheet b. Income Statement c. Statement of Cash Flows 16 25", "stars": 3 }, { "url": "\/study-help\/questions\/biblical-application-taxes-assignment-instructions-overview-in-this-assignment-you-5316800", "description": "Choose one of the six macroeconomic debates covered in Chapter 23 of your textbook and take a stand for one side. Explain your position using at least two of the economic tools you've learned in...", "stars": 3 }, { "url": "\/study-help\/questions\/a-business-survey-randomly-sampled-20-different-hotels-and-20-5383217", "description": "A business survey randomly sampled 20 different hotels and 20 different log cabins in British Columbia and recorded each of their nightly rates. A natural log transformation was needed in order for...", "stars": 3 }, { "url": "\/study-help\/questions\/please-help-me-evaluate-this-integral-8-2-2-v-5290271", "description": "Please help me evaluate this integral. 8 2 2 v - v", "stars": 3 }, { "url": "\/study-help\/questions\/your-answer-is-partially-correct-culver-company-expects-to-produce-5711573", "description": "Your answer is partially correct. Culver Company expects to produce 1,392,000 units of Product XX in 2022. Monthly production is expected to range from 92,800 to 139,200 units. Budgeted variable...", "stars": 3 }, { "url": "\/study-help\/questions\/treating-the-county-dataset-as-the-population-of-us-counties-1310982", "description": "Treating the county dataset as the population of US counties, create the dataframe my. SRS that samples from county and represents a simple random sample of n = 250 individual counties from all...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/a-car-starts-from-rest-at-a-stop-sign-it-4434911", "next": "\/study-help\/questions\/this-lab-has-just-1-question-in-4-parts-your-4434913" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "Assume that on September 1, Office Depot had an inventory that included", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/assume-that-on-september-1-office-depot-had-an-inventory-4434912" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } } }