On September 1, the beginning of its fiscal year, Burke Wholesale Company Ltd. had an inventory of 99 calculators at a cost of $21 each. The company uses a perpetual inventory system. During September, the following transactions occurred:

Sept.	2		Purchased 730 calculators for $21 each from Digital Corp. on account, terms n/30.
	10		Returned 11 calculators to Digital for $231 credit because they did not meet specifications.
	11		Sold 278 calculators for $30 each to Burke Book Store, terms n/30.
	14		Granted credit of $300 to Burke Book Store for the return of 10 calculators that were not ordered. The calculator were restored to inventory.
	21		Sold 290 calculators for $30 each to Student Card Shop, terms 1/10, n/30.
	29		Paid Digital the amount owing.
	30		Received payment in full from the Student Card Shop.

14 Sales Returns and Allowances 30 Accounts Receivable 30 (To record return of goods) 14 Inventory 21 Cost of Goods Sold 21 To record cost of merchandise returned) 21 Accounts Receivable 6090 Sales 6090 (To record credit sale) 21Cost of Goods Sold 8700 Inventory 8700 (To record cost of merchandise sold) 29 Accounts Payable 15099 Cash 15099 30 Cash 6029.1