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ools Help Kimmel, Financial Accounting. 8e PRINCIPLES OF ACK Gradebook ORION nment INSTRUCTOR Exercise 5-2 Assume that on September 1, office Depot had an inventory

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ools Help Kimmel, Financial Accounting. 8e PRINCIPLES OF ACK Gradebook ORION nment INSTRUCTOR Exercise 5-2 Assume that on September 1, office Depot had an inventory that included a variety of calculators. The company uses a perpetual inventory syvstem. During September, t Sept. 6 Purchased calculators from Dragoo Co, at a total cost of $1,780, terms n/3o these transactions occurred Paid freight of s50 on calculators purchased from Drageo co. 9 10 Returned calculators to Dragoo co, for $57 credit because they did not meet specifications 12 Sold caloulators costing $570 for $750 to Fryer Book Store, terms n/30 20 20 14 Granted credit of $40 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $27, Sold calculators costing $550 for $750 to Heasley Card Shop, terms n/30 lournalize the September transactions. (tf no entry is reguired, select "No Entry for the accous e tatiles and enter 0 for the amounts, Credit account titkes are o for the amounts Cresit account s are utically indestend wehon amount a adented wwhen amount i Do not indent manually. Record journal entries in the order presented in the problem.) To recond coredit sales)

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