Business, 21.10.2021 14:00 epicchicken420
On September 1, Nixa Office Supply had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, the following transactions occurred.
Sept. 6 Purchased calculators from York Co. at a total cost of $ 1,980, terms n/30, FOB shipping point.
9 Paid freight of $ 90 on calculators purchased from York Co.
10 Returned calculators to York Co. for $ 69 cash (including freight) because they did not meet specifications.
12 Sold calculators costing $ 598 for $806 to Sura Book Store, on account, terms n/30.
14 Granted credit of $31 to Sura Book Store for the return of one calculator that was not ordered. The calculator cost $23.
20 Sold 30 calculators costing $690 for $960 on account to Davis Card Shop, on account, terms n/30.
Required:
Journalize the September transactions.
Answers: 3
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On September 1, Nixa Office Supply had an inventory that included a variety of calculators. The comp...
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