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

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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