financial accounting

Current Attempt in Progress On September 1, the beginning of its fiscal year, Campus Office Supply Ltd. had an inventory of 80 calculators at a cost of $20 each. The company uses a perpetual inventory system. During September, the following transactions occurred: Sept 2 Purchased 600 calculators for $20 each from Digital Corp. on account, terms n/30. 10 Returned 8 calculators to Digital for $160 credit because they did not meet specifications. 11 Sold 210 calculators for $30 each to Campus Book Store, terms n/30. Management estimates returns of 4% based on prior experience. 29 Paid Digital the amount owing. 30 Received payment in full from the Campus Book Store