Nixa Office Supply uses a perpetual inventory system. On September 12, Nixa Office Supply sold 26 calculators costing $23 for $31 each to Sura Book Store, terms n/30. Journalize the September 12 transaction for Nixa. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit Date Account Titles and Explanation Sept. 12 (To record credit sale) Sept. 12

College Accounting (Book Only): A Career Approach
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Chapter9: Sales And Purchases
Section: Chapter Questions
Problem 7E: Record the following transactions for a perpetual inventory system in general journal form. a. Sold...
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Nixa Office Supply uses a perpetual inventory system. On September 12, Nixa Office Supply sold 26 calculators costing $23 for $31
each to Sura Book Store, terms n/30.
Journalize the September 12 transaction for Nixa. (Credit account titles are automatically indented when amount is entered. Do not indent
manually)
Debit
Credit
Date
Account Titles and Explanation
Sept. 12
(To record credit sale)
Sept. 12
(To record cost of merchandise sold)
Transcribed Image Text:Nixa Office Supply uses a perpetual inventory system. On September 12, Nixa Office Supply sold 26 calculators costing $23 for $31 each to Sura Book Store, terms n/30. Journalize the September 12 transaction for Nixa. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit Date Account Titles and Explanation Sept. 12 (To record credit sale) Sept. 12 (To record cost of merchandise sold)
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