Question 7 View Policies Current Attempt in Progress On September 1, the beginning of its fiscal year, Lim Suppliers Ltd. had an inventory of 92 calculators at a cost of $19 each. The company uses a perpetual Inventory system. During September, the following transactions occurred: Sept. 2 Purchased 775 calculators for $19 each from Digital Corp. on account, terms30. 10 Returned 10 calculators to Digital for $190 credit because they did not meet specifications. 11 Sold 240 calculators for $30 each to Lim Book Store terms 1/30. 14 Granted credit of $300 to Lim Book Store for the return of 10 calculators that were not ordered. The calculator were restored to inventory 21 Sold 310 calculators for $30 each to Student Card Shop, terms 1/10, 1/30. 29 Paid Digital the amount owing. 30 Received payment in full from the Student Card Shop. Part 1 Record the September transactions. (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 o for the amounts. Round answers to o decimal places, e.g. 125.) Date Account Titles and Explanation Debit Credit Sept. 2 Date Account Titles and Explanation Debit Credit Sept. 2 (To record credit sale) (To record cost of merchandise sold) (To record return of goods) (To record cost of merchandise returned) MacBook Air * W DF H (To record return of goods) (To record cost of merchandise returned) (To record credit sale) (To record cost of merchandise sold) eTextbook and Media List of Accounts MacBook Air Part 2 Create accounts for the Inventory and Cost of Goods Sold accounts. Enter the opening balances and post the September transactions. (Post entries in the order presented in the problem) Inventory Cost of Goods Sold eTextbook and Media List of Accounts MacBook Air / E / RIT command option Part 3 Determine the ending balances of inventory and cost of goods sold in both dollars and quantities. Number of calculators Cost of calculators Ending Inventory Cost of Goods Sold