Consider the following transactions for

Burlington Drug Store:

Requirement 1. Journalize 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 credits. Exclude explanations from journal entries.)

Aug 2nd Burlington buys $22,700 worth of inventory on account with a credit term of 3/15, n/45 FOB SHIPPING POINT FILL IN BLANK USING INFO BELOW

Date	Accounts	Debit	Credit
Aug. 2

1.	Journalize the purchase transactions. Explanations are not required.
2.	In the final analysis, how much did the inventory cost Burlington

Aug 2nd	Burlington buys $22,700 worth of inventory on account with credit terms of 3/15, n/45, FOB shipping point.

Aug. 4	Burlington pays a $150 freight charge.
Aug. 7	Burlington returns $6,000 of the merchandise due to damage during shipment.
Aug. 14	Burlington paid the amount due, less return and discount.