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Consider the following transactions for BigGuy Toys: (Click the icon to view the transactions.) Requirements Journalize the purchase transactions. Explanations are not required. 1 2.
Consider the following transactions for BigGuy Toys: (Click the icon to view the transactions.) Requirements Journalize the purchase transactions. Explanations are not required. 1 2. In the final analysis, how much did the inventory cost BigGuy 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.) Oct. 8: BigGuy Toys buys $143,800 worth of MegoBlock toys on account with credit terms of 2 10, n /45 Date Accounts Debit Credit X More Info Oct. 8 Oct. 8 BigGuy Toys buys $143,800 worth of MegoBlock toys on account with credit terms of 2/10, n/45 11 BigGuy Toys returns $14,3000 of the merchandise to MegoBlock due to damage during shipment. 15 BigGuy Toys paid the amount due, less the return and discount. Print Done
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