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 Wildhorse Co. at a total cost of $1,670, on account, terms n/30.
Sept. 9 - Paid freight of $60 on calculators purchased from Wildhorse Co.
Sept. 10 - Returned calculators to Wildhorse Co. for $55 credit because they did not meet specifications.
Sept. 12 - Sold calculators costing $470 for $700 to Fryer Book Store, on account, terms n/30.
Sept. 14 - Granted credit of $40 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $30.
Sept. 20 - Sold calculators costing $580 for $790 to Heasley Card Shop, on account, terms n/30.
Journalize the September transactions.
