Question
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 Crane Co. at a total cost of $1,640, terms n/30. | |
9 | Paid freight of $50 on calculators purchased from Crane Co. | |
10 | Returned calculators to Crane Co. for $57 credit because they did not meet specifications. | |
12 | Sold calculators costing $490 for $680 to Fryer Book Store, terms n/30. | |
14 | Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $35. | |
20 | Sold calculators costing $680 for $870 to 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.)
the problem Debit Credit Date Account Titles and Explanation To record sale of calculators on account) {To record cost of alculators sold) To record return of culator that was not ordered) To record cost of cours returned) (To record sale of calculators on account) To record cost of cakulators sold) (To record return of calculator that was not ordered) (To record cost of calciators returned) (To record of calculators on account) (To record cost of calculators sold) Testhook and Media List of Accounts O Attempts unlimited Sami Arwer
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