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 fromDragooCo. at a total cost of $1,650, on account, terms n/30.9Paid freight of $50on calculators purchased fromDragooCo.10Returned calculators toDragooCo. for $66credit because they did not meet specifications.12Sold calculators costing $520for $690toFryerBook Store, on account, terms n/30.14Granted credit of $45toFryerBook Store for the return of one calculator that was not ordered. The calculator cost $34.20Sold calculators costing $570for $760toHeasleyCard 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 inventory system. Include margin explanations for the changes in revenues and expenses.(Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)