View Policies Current Attempt in Progress On September 1, the beginning of its fiscal year, Campus Office Supply Ltd had an inventory of 94 calculators at a cost of $20 each The company uses a perpetual inventory system. During September the following transactions occurred: Sept 2 10 11 Purchased 705 calculators for $20 each from Digital Corp, on account, terms 1/30 Returned 15 calculators to Digital for $300 credit because they did not meet specifications Sold 280 calculators for $30 each to Campus Book Store terms 1/30, Management estimates returns of 4% based on prior experience. Granted credit of $450 to Campus Book Store for the return of 15 calculators that were not ordered. The calculators were restored to inventory Paid Digital the amount owing Received payment in full from the Campus Book Store 14 29 30 (a) Your answer has been saved. See score details after the due date QueSLIUI 2 UIO ... / 20 (b) Create Taccounts 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