On September 1, Oriole Office Supply had an inventory that included a variety of calcuistors:...
50.1K
Verified Solution
Link Copied!
Question
Accounting
On September 1, Oriole Office Supply had an inventory that included a variety of calcuistors: system and the carnings approach for revenue recognition. During September, the following transactions occurred: Sept. 6 Purchased calculators from Blue Spruce Co. at a total cost of $1,990, terms n/30, FOB shipping point. 9. Paid freight of $75 on calculators purchased from Blue 5 pruce Co. 10 Returned calculators to Blue $ pruce Ca, for $63 because they did not meet specifications. 12 Sold calculators costing $650 for $800 to Sura Book Store, on account, terms n/30. 11 Granted eredit of $37 to Sura Book $ tore for the return of one calculator that was not ordered. The calculator cost $23. 20 Sold 30 calculators costing $705 for $1,020 on account to Dawis Card \$hop, on account, terms n/30. Prepare journal entries for the September transactions for Oriole Office Supply. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter ofor the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
