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Consider the following transactions for Bargain Drug Store: (2) (Click the icon to view the transections.) Requirements 1. Journalize the purchase transactions. Explanations are not

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Consider the following transactions for Bargain Drug Store: (2) (Click the icon to view the transections.) Requirements 1. Journalize the purchase transactions. Explanations are not required. 2. In the final analysis, how much did the inventory cost Barpain Drug Store? Requirement 1. Joumalize the purchase transactions. Explanations are not required. (Assume the company uses a perpetual inventory system. Round the answers to the nearest whole dollar. Record debits first, then credis. Exclude. explanations from joumal entries.) Feb. 2: Bargain purchased $20,500 worth of inventory on account with credt teoms of 3/15,n/45, FOB shipping point from Blue Medical Supples. Feb, 3: Bargain paid a $140 treight charge. Feb. 8: Bargain returned $5,100 of the merchandise due to damage during shipment. Feb. 14: Bargain paid the amount due, less retum and discount. Requirement 2. In the final analysis, how much did the inventory cost Bargain? The inventory cost for Bargain is More info

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