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SPRE FULLER BACK Exercise 5-03 Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a

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SPRE FULLER BACK Exercise 5-03 Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, these transactions occurred Sept. 6 Purchased calculators from Pharoah Co. at a total cost of 51,700, terms 1/30. 9 Paid freight of $60 on calculators purchased from Pharoah Co. 10 Returned calculators to Pharoah Co. for $63 credit because they did not meet specifications, 12 Sold calculators costing $450 for $610 to Fryer Book Store, terms n/30 14 Granted credit of $35 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $22 20 Sold calculators costing $650 for $850 to Heasley Card Shop, terms n/30 Journalize the September transactions. (If no entry is required, select "No Entry for the account titles and enter o for the amounts. Credit account title are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Date Account Titles and Explanation Debit Credit Sept. 6 I (To record sale of calculators on account) (To record cost of calculators sold) (To record return of calculator that was not ordered) (To record cost of calculators sold) (To record return of calculator that was not ordered) (To record cost of calculators Jeturned) (To record sale of calculators on account) (To record cost of calculators sold)

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