On September 1, Crane Supply had an inventory of 15 backpacks at a cost of $20 each. The company uses a perpetual inventory system. During September, the following transactions and events occurred.

Journalize the September transactions for Crane Supply.

Sept. 4		Purchased 70 backpacks at $20 each from Hunter, terms 2/10, n/30.
Sept. 6		Received credit of $100 for the return of 5 backpacks purchased on Sept. 4 that were defective.
Sept. 9		Sold 40 backpacks for $48 each to Oliver Books, terms 2/10, n/30.
Sept. 13		Sold 15 backpacks for $48 each to Heller Office Supply, terms n/30.
Sept. 14		Paid Hunter in full, less discount