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Consider the following transactions for KC Toys: (Click the icon 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 KC Toys? Requirement 1. Journalize the purchase transactions. Explanations are not required. (Assume the company uses a perpetual inventory system. Record debits first, then credits, Exclude explanations from journal entries.) May 8: KC Toys purchased $146,800 worth of PegaBlock toys on account with credit terms of 2/10,n/45. May 13: KC Toys returned $14,600 of the merchandise to PegaBlock due to damage during shipment. Consider the following transactions for KC Toys: (Click the icon 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 KC Toys? May 15: KC Toys paid the amount due, less the return and discount. Requirement 2 . In the final analysis, how much did the inventory cost KC Toys? The inventory cost for KC Toys is More info