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Assume that on September 1, Oifice Depot had an inventory that included a variety of calculators. The company uses a perpetual inventocy system. During September,

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Assume that on September 1, Oifice Depot had an inventory that included a variety of calculators. The company uses a perpetual inventocy system. During September, these transactions occurred. Sept. 6 Purchased calculators from Crane C0, at a total cost of $1,353, on account, terms n/30 9 Pald freight of $41 on calculators purchased from Crane Co. 10 Returned caiculators to Crane Co, for 554 credit because they did not meet specifications. 12. Sold calculators costing $426 for $566 to Cuttumber 8ook Store. on account, terms n/30. 14. Granted credit of $37 to Cullumber Book Store for the return of one calculator that was not ordered. The calculator. cost528 20 Sold calculators costing $467 for $623 to Ivanhoe Card 5 hop, 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. 45 or parentheses es. (45). Assets AccountsReceivable+ Inventory 10 12 14 20 Stockholders' Equity Exp. Div. 1 of 4\langle angle Stockholders' Equity ned Earnings Rev

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