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 Blossom Co. at a total cost of $1,600, terms n/30. 9 Paid freight of $40 on calculators purchased from Blossom Co. 10 Returned calculators to Blossom Co. for $50 credit because they did not meet specifications. 12 Sold calculators costing $450 for $600 to Fryer Book Store, terms n/30. 14 Granted credit of $35 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $25. 20 Sold calculators costing $500 for $650 to Heasley Card Shop, terms n/30. Journalize the September transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Journal entries

Explanation:

The journal entries are as follows

On Sep 6

Merchandise Inventory $ 1,600

        To  Accounts Payable $1,600

(Being the merchandise inventory is purchased on account)

On Sep 9

Merchandise inventory  Dr $40

                 To Cash  $40

(Being freight is paid by cash)

On Sep 10

Cash Dr $50

         To Merchandise inventory $50

(Being returned inventory is recorded)

On Sep 12

Accounts receivable  Dr $600

         To sales $600

(Being calculators sold at sale price)

Cost of goods sold  Dr $450

           To Merchandise inventory $450

(Being calculator sold at cost price)

On Sep 14

Sales return and allowance  Dr $35

           To Accounts receivable $35

(Being sales return is recorded)

Merchandise inventory Dr $25

              To Cost of goods sold  $25

(Being sales return is recorded)

On Sep 20

Accounts receivable Dr $650

            To sales  $650

(Being calculators sold at sale price)

Cost of goods sold Dr $500

            To Merchandise inventory $500

(Being calculator sold at cost price)

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi