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Consider the following transactions for BigGuy Toys Click the icon to view the transactions.) Requirements 1. Journalize the purchase transactions. Explanations are not required. 2.
Consider the following transactions for BigGuy 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 BigGuy Toys? Requirement 1. Journalize the purchase transactions. Explanations are not required. (Assume the compatiy uses a perpetual inventory system. Record debits first, then credits. Exclude explanations from journal entries.) Sept. 7: BigGuy Toys buys $174,300 worth of MegoBlock tays on account with credit terms of 2/10, n/30 Date Accounts Debit Credit Sept. 7 Sept. 7 Big Guy Toys buys $174,300 worth of MegoBlock toys on account with credit terms of 2/10, n/30 12 BigGuy Toys returns $17,350 of the merchandise to MegoBlock due to damage during shipment 16 BigGuy Toys paid the amount due, less the return and discount. Requirements 1. Joumalize the purchase transactions. Explanations are not required. 2. In the final analysis, how much did the inventory cost BigGuy Toys? nur Sept 16 Requirement 2. In the final analysis, how much did the inventory cost BigGuy Toys? The inventory cost for BigGuy Toys is $
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