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On August 31, Crane Supply had an inventory of 20 backpacks at a cost of $18 each. The company uses a perpetual inventory system. During

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On August 31, Crane Supply had an inventory of 20 backpacks at a cost of $18 each. The company uses a perpetual inventory system. During September, the following transactions and events occurred: Sep. 3 Purchased 50 backpacks at $25 each from Janzen, terms n/30. Received a 10% quantity discount. 6 Received credit of $90 for the return of four backpacks purchased on September 3 that were defective. 7 Paid for the September 3 purchase. 9 Sold 20 backpacks for $35 each to McGill Book5, terms n/30. The cost of each backpack was $18 each: 13. Cash sales of 15 backpacks for $35 each to Calvin Otfice Supply 21. Purchased 25 backpacks at $18 each from Coleman Company, terms 2/10,n/30. 30 A physical inventory count indicated an ending inventory balance of $910. Journalize the September transactions for Stanton Supply, using a perpetual inventory system. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry Is required, select "No Entry" for the account tities and enter o for the amounts. List all debit entries before credlt entries)

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