On September 1, Boylan Office Supply had an inventory of 30 calculators at a cost of $18 each. the company uses a perpetual inventory system. During September, the following transactions occurred. Purchased with cash 80 calculators at $20 each from Guthrie Co. Paid freight of $80 on calculators purchased from Guthrie Co. Returned 3 calculators to Guthrie Co. for $63 credit (including freight) because they did not meet specifications. Sold 26 calculators costing $21 (including freight) for $31 cache to Lee Book Store, terms n/30. Granted credit of $31 to Lee Book Store for the return of one calculator that was not ordered. Sold 30 calculators costing $21 for $32 each to Orr's Card Shop, terms n/30. Instructions Journalize the September transactions.

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.