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On September 1, Crane Supply had an inventory of 18 backpacks at a cost of $25 each. The company uses a periodic inventory system, During

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On September 1, Crane Supply had an inventory of 18 backpacks at a cost of $25 each. The company uses a periodic inventory system, During September, the following transactions and events occurred. Sept. 4 6 9 Purchased 52 backpacks at $25 each from Neufeld, terms 2/10, 1/30 Received credit of $200 for the return of 6 backpacks purchased on Sept. 4 that were defective. Sold 30 backpacks for $30 each to Brewer Books, terms 2/10,6/30. Sold 11 backpacks for $30 each to Stoner Office Supply, terms n/30 Paid Neufeld in full, less discount 13 14 Journalize the September transactions for Crane Supply. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Sept 4 Sept. 6 Sept. 9

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