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Journalize the following transactions On September 1, Cheyenne Office Supply had an inventory of 31 calculators at a cost of $22 each. The company uses

Journalize the following transactions

On September 1, Cheyenne Office Supply had an inventory of 31 calculators at a cost of $22 each. The company uses a perpetual inventory system. During September, the following transactions occurred.

Sept. 6 Purchased 71 calculators at $24 each from Danny Co. for cash.
9 Paid freight of $71 on calculators purchased from Danny Co.
10 Returned 3 calculators to Danny Co. for $75 credit (including freight) because they did not meet specifications.
12 Sold 34 calculators (31 costing $22, and 3 costing $25 including freight) for $34 each to Great Big Book Store, terms n/31.
14 Granted credit of $34 to Great Big Book Store for the return of one calculator that was not ordered.
20 Sold 41 calculators costing $25 for $34 each to Bushs Card Shop, terms n/31.

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