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  3. assume that on september 1 , office depot had an i

Assume that on September 1 , Office Depot had an inventory that included a variety...

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Accounting

image 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 Blossom Co. at a total cost of $1,750, on account, terms n/30. 9 Paid freight of $50 on calculators purchased from Blossom Co. 10 Returned calculators to Blossom Co. for $58 credit because they did not meet specifications. 12 Sold calculators costing $510 for $700 to Fryer Book Store, on account, terms n/30. 14 Granted credit of $35 to Fryer Book Store for the return of one calculator that was not ordered. The calculator c 20 Sold calculators costing $680 for $880 to Heasley Card Shop, on account, 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 titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)

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