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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 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 Dragoo Co. at a total cost of $1,580, on account, terms n/30. Sept. 9 Paid freight of $52 on calculators purchased from Dragoo Co. Sept.10ReturnedcalculatorstoDragooCo.for$71creditbecausetheydidnotmeetspecifications. Sept. Sold calculators costing $560 for $730 to Fryer Book Store, on account, terms n/30. Sept. Granted credit of $43 to Fryer Book Store for the return of one calculator that was not ordered. The calculation cost 14$32. Sept. Sold calculators costing $600 for $800 to 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.)
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