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On September 1 Moreau Office Supply SA had an inventory of 30 calculators at a cost of €22 each The company uses a perpetual inventory system During September

On September 1, Moreau Office Supply SA had an inventory of 30 calculators at a cost of €22 each. The company uses a perpetual inventory system. During September, the following transactions occurred. Sept. 6 Purchased with cash 90 calculators at €20 each from Roux Co. SA, terms 2/10, n/30. 9 Paid freight of €180 on calculators purchased from Roux Co. 10 Returned 3 calculators to Roux Co. for €66 credit (including freight) because they did not meet specifications. 12 Sold 28 calculators costing €22 (including freight) for €33 each to Village Book Store, terms n/30. 14 Granted credit of €33 to Village Book Store for the return of one calculator that was not ordered. 20 Sold 40 calculators costing €22 for €35 each to Holiday Card Shop, terms n/30. Instructions Journalize the September transactions.

Apr 21 2020 View more View Less

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