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On September 1. Flounder Office Supply had an inventory of 30 calculators at a cost of $14 each. The company uses a perpetual inventory system.

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On September 1. Flounder Office Supply had an inventory of 30 calculators at a cost of $14 each. The company uses a perpetual inventory system. During September, the following transactions occurred. Sept. 6 Sept. 9 Sept. 10 Purchased 100 calculators at $22 each from York Co. Pald freight of $100 on calculators purchased from York Co. Returned 4 calculators to York Co. for $92 cash (including treight) because they did not meet specifications Sold 30 calculators costing $23 (including freight) for $35 each on account to Sura Book Store terms 1/30. Granted credit of $35 to Sura Book Store for the return of one calculator that was note was not ordered Sold 34 calculators costing $23 for $36 each on account to Davis Card Shop, terms /30. Sept. 12 Sept. 14 Sept. 20

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