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5 Consider the following transactions for Bozo's Toys: 'Click the ioon to view the transactions.) Requirements 1. Journalize the purchase transactions. Explanations are not required.
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Consider the following transactions for Bozo's Toys: 'Click the ioon to view the transactions.) Requirements 1. Journalize the purchase transactions. Explanations are not required. 2. In the final analysis, how much did the inventory cost Bozo's Toys? Jul. 7: Bozo's Toys purchased $193,800 warth of MegoBlock trys an account with credit temns of 2/10,/30. More info Jul. 13: Bozo's Tovs returned $19.300 of the merchandise ta Mlooblock due to tamave durne stibrment. \begin{tabular}{ll} \hline Jul. 7 & Bozo's Toys purchased $193,800 worth of MegoElock toys on account with credit terms of 2110,n/30. \\ Jul. 13 & Bozo's Toys retumed $19,300 of the merchandise to MegoBlock due to damage during shipment. \\ Jul. 14 & Bozo's Toys paid the amount due, less the retum and discount. \\ \hline \end{tabular}Step by Step Solution
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