Reineman Supply Company uses a periodic inventory system. During April, the following transactions and events occurred.
Sept. 3 Purchased 80 backpacks at $25 each from Zuzu Company, terms 2 / 10, n / 30; fob destination.
Sept. 6 Received credit of $150 for the return of 6 backpacks purchased on Sept. 3 that were defective.
Sept. 9 Sold 15 backpacks for $42 each to Bailey Books, terms 2/10, n/30; cost of backpacks was $25 each; fob shipping point.
Sept. 13 Paid Zuzu Company in full.
Sept. 14 Granted an allowance to Bailey Books for 5 returned backpacks.
Sept. 29 Received payment from Bailey Books for Sept. 9 sale.
Instructions:
Journalize the September transactions for Reineman Supply Company.