Week 4: HomeworkQuestion 1 of 6
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Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a
perpetual inventory system. During September, these transactions occurred.
Sept. 6
Purchased calculators from Oriole Co. at a total cost of $1,770, on account, terms n/30.
9
Paid freight of $60 on calculators purchased from Oriole Co.
10
Returned calculators to Oriole Co. for $69 credit because they did not meet specifications.
12
Sold calculators costing $500 for $750 to Fryer Book Store, on account, terms n/30.
14
Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $30.
20
Sold calculators costing $700 for $890 to Heasley Card Shop, on account, terms n/30.
Journalize the September transactions. ((IIff nnoo eennttrryy iiss re
reqquuiire
redd,, sseelleecctt “”N
Noo EEnnttrryy”” ffoorr tthhee aaccccoouunntt ttiittlleess aanndd
eenntteerr 00 ffoorr tthhee aam
moouunnttss.. C
Cre
reddiitt aaccccoouunntt ttiittlleess aare
re aauuttoom
maattiiccaallllyy iinnddeenntteedd w
whheenn aam
moouunntt iiss eenntteere
redd..
D
Doo nnoott iinnddeenntt m
maannuuaalllly.
y. RReeccoord
rd jjoouurrnnaall eennttrriieess iinn tthhee oord
rdeerr ppre
resseenntteedd iinn tthhee ppro
robblleem
m.. LLiisstt aallll ddeebbiitt
eennttrriieess bbeeffoore
re ccre
reddiitt eennttrriieess..))
Account Titles and Explanation
Debit
Credit
(To record sale of calculators on account)
(To record cost of calculators sold)
(To record return of calculator that was not
ordered)
(To record cost of calculators returned)
(To record sale of calculators on account)
(To record cost of calculators sold)
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Week 4: Homework
Question 1 of 6
-/5
Question List
View Policies
Current Attempt in Progress
Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a
perpetual inventory system. During September, these transactions occurred.
Sept. 6
Purchased calculators from Oriole Co. at a total cost of $1,770, on account, terms n/30.
9
Paid freight of $60 on calculators purchased from Oriole Co.
10
Returned calculators to Oriole Co. for $69 credit because they did not meet specifications.
12
Sold calculators costing $500 for $750 to Fryer Book Store, on account, terms n/30.
14
Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $30.
20
Sold calculators costing $700 for $890 to Heasley Card Shop, on account, terms n/30.
Journalize the September transactions. ((IIff nnoo eennttrryy iiss re
reqquuiire
redd,, sseelleecctt “”N
Noo EEnnttrryy”” ffoorr tthhee aaccccoouunntt ttiittlleess aanndd
eenntteerr 00 ffoorr tthhee aam
moouunnttss.. C
Cre
reddiitt aaccccoouunntt ttiittlleess aare
re aauuttoom
maattiiccaallllyy iinnddeenntteedd w
whheenn aam
moouunntt iiss eenntteere
redd..
D
Doo nnoott iinnddeenntt m
maannuuaalllly.
y. RReeccoord
rd jjoouurrnnaall eennttrriieess iinn tthhee oord
rdeerr ppre
resseenntteedd iinn tthhee ppro
robblleem
m.. LLiisstt aallll ddeebbiitt
eennttrriieess bbeeffoore
re ccre
reddiitt eennttrriieess..))
Date
Account Titles and Explanation
Debit
Credit
(To record sale of calculators on account)
(To record cost of calculators sold)
(To record return of calculator that was not
ordered)
(To record cost of calculators returned)
(To record sale of calculators on account)
(To record cost of calculators sold)
eTextbook and Media
List of Accounts
Save for Later
Attempts: 0 of 15 used
Submit Answer
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