to record credit sale,merchandise sold,returned,cost,credit sale,,THANK YOU IN ADVANCE!!!! Assume...
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to record credit sale,merchandise sold,returned,cost,credit sale,,THANK YOU IN ADVANCE!!!!
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 Dragoo Co. at a total cost of $1,600, on account, terms n/30FOB shipping point. 9 Paid freight of $50 on calculators purchased from Dragco Co. 10 Returned calculators to Dragoo C0, for $66 credit because they did not meet specifications. 12 Sold calculators costing $520 for $690 to Fryer Book Store, on account, terms n/30. 14 Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $34. 20 Sold calculators costing $570 for $760 to Heasley Card Shop, on account, terms n/30. Journalize the September transactions for Office Depot. (Credit account titles are outomatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts, Record journal entries in the order presented in the problem)
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