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On August 31, Sheridan 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, Sheridan 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 60 backpacks at $25 each from Janzen, terms n/30. Received a 108 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 backpaciss for $32 each to McGill Books, terms nv30. The cost of each backpack was $18 each 13 Cash sales of 15 backpacks for $32 each to Catvin Office Supply? 21 Purchased 30 backpacks at $18 each from Coleman Company, terms 2/10. n/30. 30 A physical inventory count indicated an ending inventory balance of $770. Journalize the September transactions for Stanton Supply, using a perpetual inventory system. (Credit account ticier ore outomeriodly indented when the amount is entered. Do not indent manuolly if no entry is required, select "No Entry" for the dccount tbles and enter ofor the amounts. List all deblt entries before credit entries.] Question 15 of 19 .16 (To record sales to McGill Books) Question 15 of 19 fTo record sales to McGill Books) (To record cast of goods soid). (To record cash sales of Calvin Office Supply) (To record cost of goods sold) Question 15 of 19 (To record cash sales of Calvin Office Supply) (To record cost of goods sold) Sivve tor Later Attempts: 0 of 1 used On Auguat 31. Sheridan Supply had an inventory of 20 bockpacks at a cost of 518 each. The company usesta perpecual inventory system. Durine September, the followine transactions and events occurred: Sep. 3 Purchased 60 backipacks at $25 each from Janten, terms n=0. Received a 10 quantity sicouet. 6 Recelved credit of $90 for the returnyt four backeacks purchased on 5 eptember 3 that wore defective 7 Pald for the September 3 purchare. 9 Sold 20 backpacks for $32 each to McGil Books, terms n/30. The cout of exch bockpack was 518 exch 13 Cash sales of 15 bacipacks for 532 cech to Calvin Oifice Supply 21 Purchased 30 bachpacks at 51 de each from Colernan Company. terms 2/10. N30 30 A ptoysical inventory count indicated an ending invenedry batance of 5730 Journalize the September transactions for Stanton Supply, using a perpefual inventory system, (Credit occount thes are auturntiouly indented when the amount is entered. Do not indent monuolly if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before cradit entries. (To record sales to MeGill Books) (To record cost of goods sold) (To record cash sales of Catvin Otfice Supply) ACC106-Comprehensive Final Exam Question 15 of 19 (To record cash sales of Calvin Othce Supply) (To record cost of goods sold) Attempte 0 ail 1 used

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