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Business, 07.03.2020 04:48 tayler4766

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 Pharoah Co. at a total cost of $1,740, terms n/30. 9 Paid freight of $40 on calculators purchased from Pharoah Co. 10 Returned calculators to Pharoah Co. for $56 credit because they did not meet specifications. 12 Sold calculators costing $450 for $650 to Fryer Book Store, terms n/30. 14 Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $34. 20 Sold calculators costing $560 for $730 to Heasley Card Shop, terms n/30.

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