On September 1, Nixa Office Supply had an inventory that included a variety of printers. During September, the following

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On September 1 Nixa Office Supply Had An Inventory That Included A Variety Of Printers During September The Following 1 (35.22 KiB) Viewed 37 times

On September 1, Nixa Office Supply had an inventory that included a variety of printers. During September, the following transactions occurred. In the space provided, journalize the transactions under the perpetual inventory system. Sept. 5 Purchased printers on account from York Co. at a total cost of $6,000, terms 1/10, n/30, FOB shipping point. Note parable 6.000 cash cow 10 Returned printers to York Co. costing $2,000 because they did not meet specification. 12 Sold printers costing $1,000 for $3,000 to Sura Book Store, on account, terms 1/10, n/30. 14 Granted credit of $2,000 to Sura Book Store for the return of one printer that was not ordered. The printer cost $500. 16 Paid the amount due to York Co. in full. 22 Received payment in full from Sura Book Store.