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Principles of Acco Gradebook ORION Downloadable eTextbook Exercise 5-3 On September 1, Nixa Office Supply had an inventory of 35 calculators at a cost of

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Principles of Acco Gradebook ORION Downloadable eTextbook Exercise 5-3 On September 1, Nixa Office Supply had an inventory of 35 calculators at a cost of $14 each. The following transactions occurred. company uses a perpetual inventory system. Dun Sept. 6 Purchased with cash 100 calculators at $24 each from York Co. Sept. 9 Paid freight of $100 on calculators purchased from York Co Sept. 10 Returned 4 calculators to York in exchange for $100 cash (including reimbursement for freight fee) because they did not meet specification Sept. 12 Sold 30 calculators costing $25 (including freight) for $35 each to Sura Book Store, terms /30. Sept. 14 Granted credit of $35 to Sura Book Store for the return of one calculator that was not ordered Sept. 20 Sold 33 calculators costing $25 for $35 each to Davis Card Shop, terms n/30 Journalize the September transactions. (Credit account titles are automatically indented when amount is entered. De not indent manually. R entries in the order presented in the problem.) Date Account Titles and Explanation All Rights Reserved. A Division of John wley & Sons.Inc ohicr 2000-2018 888 a 5 3

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