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On September 1, Nixa Office Supply had an inventory of 35 calculators at a cost of $16 each. The company uses a perpetual inventory system.
On September 1, Nixa Office Supply had an inventory of 35 calculators at a cost of $16 each. The company uses a perpetual inventory system. During September the follow transactions occurred. Journalist the transactions
ercise 5-3 September 1, Nixa Office Supply had an inventory of 35 calculators at a cost of $16 each. The compny use ne ansactions occurred. ept. 6 Purchased with cash 85 calculators at $25 each from York Co. ept. 9 Paid freight of $85 on calculators purchased from York Co. d 5 calculators to York in exchange for $130 cash (including reimbursement for freight fee) because they did not a Sept. 12 Sold 27 calculators costing $26 (including freight) for $32 each to Sura a Sept. 14 Granted credit of $32 to Sura Book Store for the return of one calculator that was not ordered. Sept. 20 Sold 31 calculators costing $26 for $33 each to Davis Card Shop, terms n/30. ournalize the September transactions. (Credit account titles are automatically indented iwhen amount is entered. Do not indint the order presented in the problem.) Debit Credit Date Account Titles and Explanation
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