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Please complete a journal entry for the September transactions URCES Exercise 5-03 On September 1, Nixa Office Supply had an inventory of 30 calculators at
Please complete a journal entry for the September transactions
URCES Exercise 5-03 On September 1, Nixa 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 02 Sept. 6 Purchased 90 calculators at $22 each from York Co Sept. 9 Paid freight of $90 on calculators purchased from York Co Sept. 10 Returned 3 calculators to York Co. for $69 cash (including freight) because they did not meet specifications. Sept. 12 Sold 26 calculators costing $23 (induding freight) for $31 each on account to Sura Book Store, terms n/30. Sept. 14 Granted credit of $31 to Sura Book Store for the return of one calculator that was not ordered Sept. 20 Sold 30 calculators costing $23 for $32 each on account to Davis Card Shop, terms n/30. ournalize the September transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Reco journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Step by Step Solution
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