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E5-3 On September 1, Roshek Office Supply

Price: $1.99

E5-3 On September 1, Roshek Office Supply had an inventory of 30 calculators at a cost
of $22 each. The company uses a perpetual inventory system. During September, the
following transactions occurred.

Sept. 6 Purchased 90 calculators at $20 each from Harlow Co., terms 2/10, n/30.

9 Paid freight of $180 on calculators purchased from Harlow Co.

10 Returned 3 calculators to Harlow Co. for $66 credit (including freight) because they
did not meet specifi cations.

12 Sold 26 calculators costing $22 (including freight) for $33 each to Village Book Store,
terms n/30.

14 Granted credit of $33 to Village Book Store for the return of one calculator that was
not ordered.

20 Sold 40 calculators costing $22 for $32 each to Dixie Card Shop, terms n/30.

Journalize the September transactions.

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