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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 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. 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

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