Question

11. Short problem On September 1, Martinez Office Supply had an inventory of 30 calculators at a cost of each. The company uses a perpetual inventory system. During September, the following transactions occurred Sept. 6 Sept. 9 Sept. 10 Purchased with cash 100 calculators at 521 each from Whispering Winds Corp Paid freight of $100 on calculators purchased from Whispering Winds Corp Returned 5 calculators to Whispering Winds Corp. for $110 cash (including freight) because they did not meet specifications. Sold 30 calculators costing S22 (including freight) for 535 each on account to Lee Book Store, terms n/30. Granted credit of $35 to Lee Book Store for the return of one calculator (costing 522that was not ordered Sept. 12 Sept. 14 Journalize the September transactions. Indent Credit account titles. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the accomod titles) Transaction Account Titles Debit Credit Date Sept. 6 Sept. 9 Sept. 10
sep6,9,10,12,14. clear writing please

Answer 1

Particulars	Accounts Titles & Explanations	Debit	Credit
Sep-06	Merchandise Inventory	2100
	Cash		2100
	(to record the transaction of merchandise purchase)
Sep-09	Merchandise Inventory	85
	Cash		85
	(to record the transaction of frieght charges paid)
Sep-10	Cash	550
	Merchandise Inventory		550
	(to record the transaction of calculator returned)
Sep-12	Accounts Receivable	1,050
	Cash		1050
	(To record sales made)
	Cost of good sold	660
	Merchandise Inventory		660
	(To Record cost of good sold)
Sep-14	Sales	35
	Accounts Receivable		35
	(To record return of unordered calculator)
	Merchandise Inventory	22
	Cost of good sold		22
	(To rectify excess booking of sales)