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How do I fill out the Journal for the dates above Current Attempt in Progress 6 On September 1, Nash Office Supply had an inventory
How do I fill out the Journal for the dates above
Current Attempt in Progress 6 On September 1, Nash Office Supply had an inventory of 30 calculators at a cost of $21 each. The company uses a perpetual inventory system. During September, the following transactions occurred. Sept Purchased 70 calculators at $23 each from Danny Co, for cash. Pald freight of $70 on calculators purchased from Danny Co. 10 Retured 2 calculators to Danny Co for $48 credit (including freight) because they did not meet specifications Sold 33 calculators (30 costing $21, and 3 costing $24 including freight) for $33 each to Great Big Book Store terms 9 12 1/30 14 Granted credit of $33 to Great Big Book Store for the return of one calculator that was not ordered. The calculator cost $24 20 Sold 40 calculators costing $24 for $33 each to Bush's Card Shop,terms ry 30 Date Account Titles and Explanation Debit Credit Inventory 1610 Cash > Inventory vo Cash Step by Step Solution
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