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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,

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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, these transactions occurred. Sept. 6 Purchased calculators from Crane Co. at a total cost of $1.640, terms 1/30. Paid freight of $50 on calculators purchased from Crane Co. Returned calculators to Crane Co. for $57 credit because they did not meet specifications. Sold calculators costing $490 for $680 to Fryer Book Store terms 1/30. Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $35 Sold calculators costing $680 for $870 to Heasley Card Shop, terms 1/30, 9 10 12 14 20 Date Account Titles and Explanation Debit Credit C (To record sale of calculators on account) (To record cost of calculators sold) (To record return of calculator that was not ordered) [To record cost of calculators returned) (To record sale of calculators on account) (To record cost of calculators sold)

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