On September 1. Culver Otfice Supply had an iiventory that included a variety of calculators. The company uses a perpetual imventory system. During September, the following transactions occurred Sept 6: Purchaved caiculators from Sage Hill Co: at a total cost of 52.280 , terms n/30, FOB shipping point: 9. Paid freight of $95 on calculators purchased from SageHlll Co 10. Pefurned calculators to Sage HililCo, for 575 cash lincluding frelghti because they did not meet specifications: 12 Sold calculaters costing $700 for $924 to Sura Book Store, on account, terms 330 14. Granted credit of 533 to Sura Book Store for the return of one calculator that was not ordered. The calculator cost 525 20 Soid 30 caiculators costing $775 for $1.023 on account to Davis Card Shop, on account, termis n/30 Journalize the September transzations for Culver Office Supply. (Lat all debit entries before credit entries Creflit docount tities are outomatically indented when amount is enterd. Do not indent monually. If no entry is requined select "No Entry" for the account titles and enter O for the amounts) On June 10, Sheridan Company purchased $10,000 of merchandise on account from Concord Company, FOB shlpping point, terms 2/10, n/30. Sheridan pays the freight costs of $500 on June 11 . Goods totaling $300 are returned to Concord for credit on June 12. On June 19. Sheridan pays Concord Company in full, ess the discount. Both companies use a perpetual inventorysystem. (a) Prepare separate entries for each transaction on the books of Sheridan Company. (list dli dabit entries before credit entries Credit occount tides arc outomatically indented when omount is enterd. Do not indent monuolly. If no entry is required, select "No Entry" for the occount tities and enter O for the amounts) 1. On December 3. Crane Company sold $572,800 of merchandise to Blue Co. on account, terma 2/10, n/30, FOB destination. Crane paid $310 for freight charges. The cost of the merchandise sold was $371.400 2. On December 8 , Blue Co. was granted an allowance of $25,300 for merchandise purchased on December 3 . 3. OnDecember 13, Crane Company received the balance due from Blue Co: (a) Prepare the loumal entries to record these transactlons on the books of Crane Company uaing a perpetual imventory system, Iilist all debit entries before credit entrifs. Credit occount titles are dutomotically indented when amount is eritered. Do not indent manually. If no entry is reauired, select "No Enf sfor the account tities and enter O for the anounts) In its income statement for the year ended December 31.2022. Filnt Company reported the foliowing condensed data (a) Prepare a multiple-step income statement. thit other mvenuer before other oxpenses Enter negntwe amcunts ising oither a nerative sign precoding the number es -45 or parentheser es (45)] In 2022. Blue Comparyy had net rales of 5977,000 and cost of soods sald of 5635.050. Operating expenses were 5221,900 , and Interest expense was $12700 Blue prepares a multiple-step incomestatement: (a) Compute Blut's zoss profit Grossprufit 5 Finanelal information is presented below for two different companies (a) Fill In the missing amounts. Assume that there are no nonoperating activites
