On September 1, Howe Office Supply had an inventory of 30 pocket calculators at a cost of $18 each. The company uses a perpetual inventory system. During September, the following transactions occurred. Sept. 6 Purchased 80 calculators at $20 each from De Vito Co. for cash. 9 Paid freight of $80 on calculators purchased from De Vito Co. 10 Returned 2 calculators to De Vito Co. for a $42 credit (including freight) because they did not meet specifications. 12 Sold 26 calculators costing $21 (including freight) for $31 each to Mega Book Store, terms n/30. 14 Granted credit of $31 Mega Book Store for the return of one calculator that was not ordered. 20 Sold 30 calculators costing $21 for $31 each to Barbara's Card Shop, terms n/30.

Instructions Journalize the September transactions. Date Description/Account Debit Credit Sept. 6 Sept. 9 Sept. 10 Sept. 12 (To record cost of merchandise sold.) Sept. 14 (To record cost of merchandise sold.) Sept. 20 (To record cost of merchandise sold.)