On September 1, Nixa Office Supply had an inventory that included a variety of cal- culators. The company uses a perpetual inventory system. During September, the following transactions
occurred.
Journe
Sept. 6 Purchased calculators from York Co. at a total cost of $1,980, terms n/30, FOB shipping point.
9
Paid freight of $90 on calculators purchased from York Co.
10 Returned calculators to York Co. for $69 cash (including freight) because they did not
meet specifications.
12 Sold calculators costing $598 for $806 to Sura Book Store, on account, terms n/30.
14 Granted credit of S31 to Sura Book Store for the return of one calculator that was not
ordered. The calculator cost $23.
20 Sold 30 calculators costing $690 for $960 on account to Davis Card Shop, on account,
terms n/30.