Exercise 5-03 On September 1, Cheyenne Office Supply had an inventory of 30 calculators at a cost of $16 each. The company uses a perpetual inventory system. During September, the following transactions occurred. Sept. 6 Sept. 9 Sept. 10 Sept. 12 Purchased 90 calculators at $24 each from York Co. Paid freight of $90 on calculators purchased from York Co. Returned 5 calculators to York Co. for $125 cash (including freight) because they did not meet specifications. Sold 27 calculators costing $25 (including freight) for $32 each on account to Sura Book Store, terms n/30. Granted credit of $32 to Sura Book Store for the return of one calculator that was not ordered. Sold 33 calculators costing $25 for $35 each on account to Davis Card Shop, terms n/30. Sept. 14 Sept. 20 Journalize the September transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Journalize the September transactions. (Credit account titles are automatically indented when amount is 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) (To record credit sale) (To record cost of merchandise sold) List of Accounts Exercise 5-03 Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Advertising Expense Buildings Cash Casuality Loss from Vandalism Cost of Goods Sold Depreciation Expense Dividend Revenue Equipment Freight-In Freight-Out Income Summary Insurance Expense Interest Expense Interest Payable Interest Revenue Inventory Land Loss on Disposal of Plant Assets Maintenance and Repairs Expense Notes Payable Operating Expenses Owner's Capital Owner's Drawings Prepaid Insurance Property Tax Expense Property Taxes Payable Purchase Discounts Purchase Returns and Allowances Purchases Rent Expense Salaries and Wages Expense Salaries and Wages Payable Sales Commissions Expense Sales Commissions Payable Sales Discounts Sales Returns and Allowances Sales Revenue Supplies Supplies Expense Unearned Service Revenue Utilities Expense