On September 1, Martinez Office Supply had an inventory that included a variety of calculators....
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On September 1, Martinez 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 Marin Co. at a total cost of $2.500. terms n/30, FOB shipping point 9 Paid freight of $100 on calculators purchased from Marin Co. 10 12 14 20 Returned calculators to Marin Co. for $78 cash (including freight) because they did not meet specifications Sold calculators costing $754 for $966 to Sura Book Store, on account, terms n/30. Granted credit of $34 to Sura Book Store for the return of one calculator that was not ordered. The calculator cost $26. Sold 30 calculators costing $806 for $1,023 on account to Davis Card Shop, on account, terms n/30 Journalize the September transactions for Martinez Office Supply. List all debit entries before credit entries 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 O for the amounts Date Account Titles and Explanation (To record credit sale) Debit Credit
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