Tuesday, 20 September 2016

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.

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 $1,610, terms n/30.
9
Paid freight of $60 on calculators purchased from Dragoo Co.
10
Returned calculators to Dragoo Co. for $61 credit because they did not meet specifications.
12
Sold calculators costing $540 for $750 to Fryer Book Store, terms n/30.
14
Granted credit of $40 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $28.
20
Sold calculators costing $540 for $790 to Heasley Card Shop, terms n/30.


Journalize the September transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
(To record credit sales)
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
(To record credit granted for returned goods)
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
(To record sales.)
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
Entry field with correct answer
(To record cost of goods sold.)




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