Question
Question 3) Assume that on May 1, Office Ollies had an inventory that included a variety of calculators. The company uses a perpetual inventory system.
Question 3) Assume that on May 1, Office Ollies had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During May, these transactions occurred.
May 6 Sold calculators costing $444 for $666 to Fryer Book Store, terms n/30.
May 9 Granted credit of $54 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $43.
May 10 Sold calculators costing $570 for $760 to Heasley Card Shop, terms n/30.
May 12 Purchased calculators from Dragoo Co. at a total cost of $2,800, terms n/30.
May 14 Paid freight of $230 on calculators purchased from Dragoo Co.
May 20 Returned calculators to Dragoo Co. for $66 credit because they did not meet specifications.
Instructions: Journalize the May transactions
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Computers In Medical Audit A Guide Commissioned By The West Midlands Regional Health Authority
Authors: R. Tyndall, Michael Rigby, Anne McBride, Chris Shiels
2nd Edition
1853151777, 978-1853151774
