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 $1,600, on account, terms n/30 FOB shipping point.
9		Paid freight of $50 on calculators purchased from Dragoo Co.
10		Returned calculators to Dragoo Co. for $66 credit because they did not meet specifications.
12		Sold calculators costing $520 for $690 to Fryer Book Store, on account, 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 $34.
20		Sold calculators costing $570 for $760 to Heasley Card Shop, on account, terms n/30.

Date Account Titles and Explanation Debit Credit (To record credit sale) (To record cost of merchandise sold) (To record merchandise returned) (To record cost of merchandise returned) A (To record credit sale) A (To record cost of merchandise sold)