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 Dragoo Co. at a total cost of $1,670, on account, terms n/30 FOB shipping point.
9 Paid freight of $52 on calculators purchased from Dragoo Co.
10 Returned calculators to Dragoo Co. for $72 credit because they did not
meet specifications.
12 Sold calculators costing $480 for $620 to Fryer Book Store, on account,
terms n/30.
14 Granted credit of $41 to Fryer Book Store for the return of one calculator
that was not ordered. The calculator cost $33.
20 Sold calculators costing $600 for $690 to Heasley Card Shop, on account,
terms n/30.
Journalize the September transactions.