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On September 1. Blosvom Supply had an inventory of 15 backpacks at a cost of $30 each. The company uses a perpetual inventory system. During
On September 1. Blosvom Supply had an inventory of 15 backpacks at a cost of $30 each. The company uses a perpetual inventory system. During 5eptember, the following transactions and events occurred. Sept 4 Purchased 70 backpacks at $30 each from Hunter, terms 2/10, rV30 Sept. 6 Received cred t of 5150 tor the retum of 5 backpacks purchased on Sept. 4 that were defective. Sept. 9 Sold 40 backpacks for $36 each to Oliver Books, terms 2/10,r30 Sept 13 Sold 15 backpacks for $36 each to Heller Othce Supply, terms n/30 Sept 14 Paid Hunter infult less discount. Journalize the September transactions for Blossom Supply, (List all debit entrles before credit entries. Credit occount titles are automatically indented whes the amount is entered Do not indent monually Record journal entries in the order presented in the problem]
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