Acc280 Financial Accounting:  E5-3 On September 1, Howe Office Supply had an inventory

Acc280 Financial Accounting: E5-3 On September 1, Howe Office Supply had an inventory

Acc280 Financial Accounting

E5-3
On September 1, Howe Office Supply had an inventory of 30 pocket calculators at a cost of $18 each. The company uses a perpetual inventory system. During September, the following transactions occurred.
Sept.
6 Purchased 80 calculators at $20 each from De Vito Co. for cash.
9 Paid freight of $80 on calculators purchased from De Vito Co.
10 Returned 2 calculators to De Vito Co. for $42 credit (including freight) because they did not meet specifications.
12 Sold 26 calculators costing $21 (including freight) for $31 each to Mega Book Store, terms n/30.
14 Granted credit of $31 Mega Book Store for the return of one calculator that was not ordered.
20 Sold 30 calculators costing $21 for $31 each to Barbara's Card Shop, terms n/30.

Instructions
Journalize the September transactions.
Acc280 Financial Accounting: E5-3 On September 1, Howe Office Supply had an inventory
.XLSX file (13.3KB)
$10
Total price:
$10