On September 1, Ayayai Office Supply had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, the following transactions occurred. Sept. 6 Purchased calculators from Marin Co. at a total cost of $2,070, terms n/30, FOB shipping point. 9 Paid freight of $90 on calculators purchased from Marin Co. 10 Returned calculators to Marin Co. for $120 cash (including freight) because they did not meet specifications. 12 Sold calculators costing $648 for $864 to Sura Book Store, on account, terms n/30. 14 Granted credit of $32 to Sura Book Store for the return of one calculator that was not ordered. The calculator cost $24. 20 Sold 30 calculators costing $816 for $1,224 on account to Davis Card Shop, on account,terms n/30.

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