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How to get $64 for September 10th? Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company
How to get $64 for September 10th?
Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, these transactions occurred. Sept. 6 9 10 Purchased calculators from Sheridan Co at a total cost of $1800, terms /30. Paid freight of $50 on calculators purchased from Sheridan Co. Returned calculators to Sheridan Co. for $64 credit because they did not meet specifications Sold calculators costing 5530 for $680 to Fryer Book Store terms 130 Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered the calculator cost $31. Sold calculators costing 5580 for $10 to Heasley Card Shop, Terme 1/30 12 14 20 Journalize the September transactions. (if no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem Date Account Titles and Explanation Debit Credit Septo Inventory TH Date Account Titles and Explanation Debit Credit Sept. 6 Inventory 1800 Accounts Payable 1800 Sept. Inventory 50 Cash 50 Seot. 10 Accounts Payable 64 Inventory 64 Sept. 12 Accounts Receivable 680 Sales Re 80 (to record sale of calculators on account) Step by Step Solution
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