Business, 20.06.2020 21:57 Anikarenee
On September 1, Blue Spruce 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.
Sept. 6 Purchased with cash 100 calculators at $21 each from Oriole Company.
Sept. 9 Paid freight of $100 on calculators purchased from Oriole Company.
Sept. 10 Returned 3 calculators to Oriole Company for $66 cash (including freight) because they did not meet specifications.
Sept. 12 Sold 28 calculators costing $22 (including freight) for $33 each on account to Lee Book Store, terms n/30.
Sept. 14 Granted credit of $33 to Lee Book Store for the return of one calculator that was not ordered.
Sept. 20 Sold 34 calculators costing $22 for $36 each on account to Orr's Card Shop, terms n/30.
Instructions:
Journalize the September transactions.
Answers: 3
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On September 1, Blue Spruce Office Supply had an inventory of 30 calculators at a cost of $18 each....
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