Question: Kindly assist with the tabular summary for recording the transactions. Assume that on September 1, Office Depot had an inventory that included a variety of

 Kindly assist with the tabular summary for recording the transactions. Assume

Kindly assist with the tabular summary for recording the transactions.

Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpe inventory system. During September, these transactions occurred. Sept: 6 Purchased calculators from Pharoah Co. at a total cost of $1,848, on account, terms n/30. 9 Paid freight of \$56 on calculators purchased from Pharoah Co. 10 Returned calculators to Pharoah Co. for $69 credit because they did not meet specifications. 12 Sold calculators costing $576 for $776 to Sheridan Book Store, on account, terms n/30. 14 Granted credit of $52 to Sheridan Book Store for the return of one calculator that was not ordered. The calculat cos$43. 20 Sold calculators costing $632 for $848 to Sunland Card Shop, on account, terms n/30. Prepare a tabular summary to record the transactions for the month of September for Office Depot using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. - Decreases in assets, liabilities, or stoekholders' equity require a negative sign or parentheses. - Increases in expenses require a negativesign or parentheses

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