Business, 25.02.2020 18:05, itaheart101
On September 1, Boylan Office Supply had an inventory of 35 calculators at a cost of $13 each. The company uses a perpetual inventory system. During September, the following transactions occurred.
Sept. 6 Purchased with cash 89 calculators at $27 each from Guthrie Co.
Sept. 9 Paid freight of $89 on calculators purchased from Guthrie Co.
Sept. 10 Returned 2 calculators to Guthrie Co. for $56 cash (including freight) because they did not meet specifications.
Sept. 12 Sold 31 calculators costing $28 (including freight) for $41 each to Lee Book Store, terms n/30.
Sept. 14 Granted credit of $41 to Lee Book Store for the return of one calculator that was not ordered.
Sept. 20 Sold 31 calculators costing $28 for $45 each to Orr's Card Shop, terms n/30.
Journalize the September transactions.
Answers: 2
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On September 1, Boylan Office Supply had an inventory of 35 calculators at a cost of $13 each. The c...
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