Question
On September 1, Samardo Office Supply had an inventory of 30 calculators at a cost of $18 each. The company uses a perpetual inventory system.
On September 1, Samardo Office Supply had an inventory of 30 calculators at a cost of $18 each. The company uses a perpetual inventory system. During September, the following transactions occurred. 1. Sept. 6 Purchased 80 calculators at $20 each from Samuels Co. for cash. 2. 9 Paid freight of $80 on calculators purchased from Samuels Co. 3. 10 Returned 3 calculators to Samuels Co. for $63 credit (including freight) because they did not meet specifications. 4. 12 Sold 26 calculators costing $21 (including freight) for $31 each to Trent Book Store, terms n/30. 5. 14 Granted credit of $31 to Trent Book Store for the return of one calculator that was not ordered. 6. 20 Sold 30 calculators costing $21 for $32 each to Plaisted's Card Shop, terms n/30. Instructions Journalize the September transactions
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