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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 Dragoo Co. at a total cost of $ 1,540, on account, terms n/30 FOB shipping point. 9 Paid freight of $ 54 on calculators purchased from Dragoo Co. 10 Returned calculators to Dragoo Co. for $ 64 credit because they did not meet specifications. 12 Sold calculators costing $ 510 for $ 700 to Fryer Book Store, on account, terms n/30. 14 Granted credit of $ 44 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $ 34. 20 Sold calculators costing $ 590 for $ 780 to Heasley Card Shop, on account, terms n/30.

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Answer: Question: 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 Dragoo Co. At A Total Cost Of $1,740, Terms N/30. 9

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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 Dragoo Co. at a total cost of $1,740, terms n/30.

9  Paid freight of $40 on calculators purchased from Dragoo Co.

10  Returned calculators to Dragoo Co. for $56 credit because they did not meet specifications.

12  Sold calculators costing $450 for $650 to Fryer Book Store, terms n/30.

14  Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $34.

20  Sold calculators costing $560 for $730 to Heasley Card Shop, terms n/30.

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