Graded Assignment 3 - Chapters 5, 6, and 7 Question 2 of 12 -/15 View Policies Current Attempt in Progress 2 10 On September 1, the beginning of its fiscal year, Campus Office Supply Ltd. had an inventory of 116 calculators at a cost of $20 each. The company uses a perpetual inventory system. During September the following transactions occurred: Sept. Purchased 870 calculators for $20 each from Digital Corp, on account, terms n/30. Returned 26 calculators to Digital for $520 credit because they did not meet specifications. Sold 390 calculators for $30 each to Campus Book Store, terms n/30. Management estimates returns of 4% based on prior experience. Granted credit of $780 to Campus Book Store for the return of 26 calculators that were not ordered. The calculators were restored to inventory. Paid Digital the amount owing. 30 Received payment in full from the Campus Book Store. 11 14 29 Question 2 of 12 -/15 E Record the September transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit (To record credit sale) Graded Assignment 3 - Chapters 5, 6, and 7 Question 2 of 12 -/15 E (To record cost of merchandise sold) (To record return of goods) (To record cost of merchandise returned)