Brahma Supply Company Uses a Periodic Inventory System

Essay

Brahma Supply Company uses a periodic inventory system. During September the following transactions and events occurred.
Sept. 3 Purchased 70 backpacks at $50 each from South Slope Company terms 2/10 n/30.
Sept. 6 Received credit of $300 for the return of 6 backpacks purchased on Sept. 3 that were defective.
Sept. 9 Sold 15 backpacks for $84 each to Outdoor Sports terms 2/10 n/30.
Sept. 13 Paid South Slope Company in full.
Instructions
Journalize the September transactions for Brahma Supply Company.