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Consider the following transactions for EZ. Rider Toys: (i) (Click the loon to view the transactions.) Requirements 1. Joumalize the purchase transactions. Explanations are not
Consider the following transactions for EZ. Rider Toys: (i) (Click the loon to view the transactions.) Requirements 1. Joumalize the purchase transactions. Explanations are not required. 2. In the final analysis, how much did the inventory cost EZ Rider Toys? Requirement 1. Journalize the purchase transactions. Explanations are not required. (Assume the company uses a perpetual inventory system. Record debits first, then credits. Exclud explanations from joumal entries.) Jan. 6: EZ Rider Toys purchased $137,800 warth of EonnectABlock toys on account weh credit terms of 2/10, n/45. Jan. 14: EZ Rider Toys paid the amount due, less the return and discount. Requirement 2. In the final analysis, how much did the inventory cost EZ Rider Toys? The inventory cost for EZ Rider Toys is
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