Question
On September 1, Pina Office Supply had an inventory of35calculators at a cost of $12each. The company uses a perpetual inventory system. During September, the
On September 1, Pina Office Supply had an inventory of35calculators at a cost of $12each. The company uses a perpetual inventory system. During September, the following transactions occurred.
Sept. 6 Purchased95calculators at $25each from York Co.
Sept. 9 Paid freight of $95on calculators purchased from York Co.
Sept. 10 Returned3calculators to York Co. for $78cash (including freight) because they did not meet specifications.
Sept .12 Sold30calculators costing $26(including freight) for $35each on account to Sura Book Store, terms n/30.
Sept. 14 Granted credit of $35to Sura Book Store for the return of one calculator that was not ordered.
Sept. 20 Sold32calculators costing $26for $34each on account to Davis Card Shop, terms n/30.
please help me journalize the September transactions.
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