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 Green Box Co. at a total cost of $1,620, |
|
9 |
Paid freight of $50 on calculators purchased from Green Box Co. |
|
|
10 |
Returned calculators to Green Box Co. for $38 credit because they did |
|
|
12 |
Sold calculators costing $520 for $690 to University Book Store, terms |
|
|
14 |
Granted credit of $45 to University Book Store for the return of one |
|
|
20 |
Sold calculators costing $570 for $760 to Campus Card Shop, terms |
Instructions
Journalize the September transactions.