Spring 2017-BUS2101 Chapter 5 Homework Questions 1 2 3, 5 6 should be done in color. You are Homework should always be hand-written (do not type). You are encouraged encouraged to use journal paper for (Questions l to use regular paper for financial statements and questions (Questions 5 through 8). other The company that on 1, offce had inventory that included a variety of calculators. uses a perpetual inventory system. During September, transactions occurred these Sept. 6 Purchased calculators from Dragoo Co. at a total cost of $3,300, terms n30. 9 Paid freight of $75 on calculators purchased from Dragoo Co. 10 Returned calculators to Dragoo Co. for $66 credit because they did not meet specifications. 12 Sold calculators costing $520 for $690 to Fryer Book Store, terms n/30. 14 Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $34. 20 Sold calculators costing $570 for $760 to Heasley Card Shop, terms n/30. nstructions: Journalize the September transactions (in color). Question 2) The following transactions are for Solarte Company: oi merchandise to Rooney Co., terms 1/10, The cost of the merchandise sold was $380,000. $25,000 for merchandise purchased On December 8, Rooney Co. was granted an allowance of December 3 received the balance due from Rooney Co. On December 13, Solarte Company