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Joumalize the following transactions On October 1, Nerva Office Machines had an inventory of 30 calculators at a cost of $20 each. The company
Joumalize the following transactions On October 1, Nerva Office Machines had an inventory of 30 calculators at a cost of $20 each. The company uses a perpetual entry Oct 6 Purchased 90 calculators at $21 from Piedmont Supply Oct. 9 Paid freight of $70 on calculators from Piedmont Supply Oct 10 Returned 3 calculators to Piedmont Supply for $90 cash (including freight) because they did not meet specifications Oct. 17 Sold 30 calculators costing $21 each for $71 each on account to Jones Supply, terms /30 Journalize the transactions Date Account Title and Explanation Debit Credit
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