On September 1, Boylan Office Supply had an inventory of 30 calculators at a cost of $18 each. The company uses a perpetual inventory system. During September, the following transactions occurred.
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6 |
Purchased with cash 80 calculators at $20 each from Guthrie. |
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9 |
Paid freight of $80 on calculators purchased from Guthrie Co. |
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10 |
Returned 3 calculators to Guthrie Co. for $63 credit (including freight) because they did not meet specifications. |
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12 |
Sold 26 calculators costing $21 (including freight) for $31 each to Lee Book Store, terms n/30. |
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14 |
Granted credit of $31 to Lee Book Store for the return of one calculator that was not ordered. |
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20 |
Sold 30 calculators costing $21 for $32 each to Orr”s Card Shop, terms n/30. |
Instructions
Journalize the September transactions.