LuLu Supply Company uses a periodic inventory system. During September, the following transactions and events occurred.
Sept.3 Purchased 200 backpacks at $80 each from Makka Company, terms 2/10, n/45
Sept.6 Received credit of $500 for the return of 10 backpacks purchased on Sept. 3 that were defective.
Sept.9 Sold 25 backpacks for $300 each to Ghazala Books, terms 1/10, n/30.
Sept.13 Paid Makka Company in full.
Sept.19 Received payments from Ghazala Books.

Instructions
Journalize the September transactions for LuLu Supply Company.

Q&A Education