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Presented here are selected transactions for Alpine Tours Inc. during September of the current year. Alpine Tours uses a perpetual inventory system. Alpine Tours estimates a return rate of 5% based on past experience. Sept. 2 Purchased equipment on account for $69,400, terms n/30, FOB destination. 3 Freight charges of $940 were paid by the appropriate party on the September 2 purchase of equipment. 4 Purchased supplies for $4,400 cash. 6 Purchased inventory on account from Winterholt Company at a cost of $61,700, terms 1/15,n/30, FOB shipping point. 7 Freight charges of $1,500 were paid by the appropriate party on the September 6 inventory purchase. 8 Returned damaged goods costing $5,500 that were originally purchased from Winterholt Company on September 6. Received a credit on account. 9 Sold goods costing $16,300 to Fischer Limited for $21,300 on account, terms n/30, FOB destination. 10 Freight charges of $350 were paid by the appropriate party on the September 9 sale of inventory. 17 Received the balance due from Fischer. 20 Paid Winterholt Company the balance due. 21 Purchased inventory for $5,500 cash. 22 Sold inventory costing $20,200 to Kun-Tai Inc. for $25,500 on account, terms n/30, FOB shipping point. 23 Freight charges of $500 were paid by the appropriate party on the September 22 sale of inventory. 28 Kun-Tai returned goods sold for $1,010 that cost $750. The merchandise was restored to inventory. Attempts: 3 of 3 used (b) Determine Alpine Tours's sales and cost of goods sold for September. Sales $ Cost of goods sold $ eTextbook and Media List of Accounts Attempts: 3 of 3 used Attempts: 3 of 3 used (b) Determine Alpine Tours's sales and cost of goods sold for September. Sales $ Cost of goods sold $ eTextbook and Media List of Accounts Attempts: 3 of 3 used

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