Consider the following transactions for Burlington Drug Store: (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 Burlington Drug Store? Requirement 1. Journalize the purchase transactions. Explanations are not required. (Assume the company uses a perpetual inventory system. explanations from journal entries.) Feb. 2: Burlington buys $23,800 worth of inventory on account with credit terms of 2/15, n/30, FOB shipping point. Date Accounts Debit Credit Feb. 2 Feb. 4: Burlington pays a $50 freight charge. Date Accounts Debit Credit Feb. 4 Feb. 9: Burlington returns $5,200 of the merchandise due to damage during shipment. Date Accounts Debit Credit Feb. 9 Feb. 14: Burlington paid the amount due, less return and discount. Date Accounts Debit Credit Feb. 14 Requirement 2. In the final analysis, how much did the inventory cost Burlington? The inventory cost for Burlington is $