Nyland Supply Company uses a periodic inventory system. During
September, the following transactions and events occurred.

Sept. 3 Purchased 80 backpacks at $25 each from Cole Company,
Terms 2/10, n/30.

Sept. 6 Received credit of $100 for the return of 4 backpacks
Purchased on Sept. 3 that were defective.

Sept. 9 Sold 15 backpacks for $40 each to Starr Books, terms
2/10, n/30.

Sept. 13 Paid Cole Company in full.


INSTRUCTIONS
Journalize the September transactions for Nyland Supply Company.

Quote:

---

Originally Posted by turayo

Nyland Supply Company uses a periodic inventory system. During
September, the following transactions and events occurred.

Sept. 3 Purchased 80 backpacks at $25 each from Cole Company,
terms 2/10, n/30.

Sept. 6 Received credit of $100 for the return of 4 backpacks
purchased on Sept. 3 that were defective.

Sept. 9 Sold 15 backpacks for $40 each to Starr Books, terms
2/10, n/30.

Sept. 13 Paid Cole Company in full.


INSTRUCTIONS
Journalize the September transactions for Nyland Supply Company.

---

This what I got but not sure
Date Accounts Debit Credit

Sept 3. Purchases $2,000
Accounts payable $2,000

Sept 6. Accounts payable $100
Purchases $100

Sept 9. Account receivable 600
Sales 600

Sept 13. Accounts payable 2000
Cash 2000