On September 1, Samardo Office Supply had an inventory of 30 calculators at a cost of $18
Question:
Sept. 6 Purchased 80 calculators at $20 each from Samuels Co. for cash.
9 Paid freight of $80 on calculators purchased from Samuels Co.
10 Returned 3 calculators to Samuels Co. for $63 credit (including freight) because they did not meet specifications.
12 Sold 26 calculators costing $21 (including freight) for $31 each to Trent Book Store, terms n/30.
14 Granted credit of $31 to Trent Book Store for the return of one calculator that was not ordered.
20 Sold 30 calculators costing $21 for $32 each to Plaisted’s Card Shop, terms n/30.
Instructions
Journalize the September transactions.
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Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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