Current Attempt in Progress On September 1, the beginning of its fiscal year, Campus Office Supply Ltd, had an inventory of 114 calculators at a cost of $20 each The company uses a perpetual inventory system. During September, the following transactions occurred: Sept. 2 10 11 Purchased 855 calculators for $20 each from Digital Corp, on account, terms n/30. Returned 25 calculators to Digital for $500 credit because they did not meet specifications Sold 380 calculators for $30 each to Campus Book Store, terms n/30. Management estimates returns of 4% based on prior experience. Granted credit of $750 to Campus Book Store for the return of 25 calculators that were not ordered. The calculators were restored to inventory Paid Digital the amount owing Received payment in full from the Campus Book Store, 14 29 30 Record the September transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Sept 2 merchandise inventory account payable 1855*20 17100 to record purchase of calculators 171 Sept. 10 Accounts Payable merchandise inventory 500 to record return of calculators 5 Sept. 11 Accounts Receivable sales 11400 38030 114 to record sales of calculators (To record credit sale) Sept. 11 merchandise inventory costs of goods sold 380 20 7600 76 Sept 11 v merchandise inventory costs of goods sold 38020 7600 76 to record cost of goods sold (To record cost of merchandise sold) Sept 14 Sales Returns and Allowances 750 to record sales return of calculators (To record return of goods) Sept. 14 merchandise Inventory costs of goods sold 500 to record cost of goods sold on sales returns (To record cost of merchandise returned) Sept. 29 Accounts Payable 16600 to record payment to digital 166 Sept. 30 Accounts Receivable 10650 to record payment receivable from campus bookstore 106 Acad (b) Create accounts for the Inventory and cost of Goods Sold accounts. Enter the opening balances and post the September transactions (Post entries in the order presented in the problem) Inventory Cost of Goods Sold Save for Later Attempts:0 of 1 used Submit Answer Attempts:0 of 1 used Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above. MacBook Pro