Assume that on September Office Depot had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, these transactions occurred.
Sept. Purchased calculators from Dragoo C at a total cost of $ on account, terms FOB shipping point.
Paid freight of $ on calculators purchased from Dragoo Co
Returned calculators to Dragoo Co for $ credit because they did not meet specifications.
Sold calculators costing $ for $ to Fryer Book Store, on account, terms n
Granted credit of $ to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $
Sold calculators costing $ for $ to Heasley Card Shop, on account, terms
Journalize the September transactions for Office Depot. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.
Date
Account Titles and Explanation
Debit
Credit
