Consider the following transactions for Hampton 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 Hampton? Requirement 1. Journalize the purchase transactions. Explanations are not required. (Assume the company uses a perpetual inventory system then credits. Exclude explanations from journal entries.) Jul. 2: Hampton buys $23,500 worth of inventory on account with credit terms of 1/15 n/30, FOB shipping point. Accounts Date Debit Credit Jul. 2 Jul. 3: Hampton pays a $110 freight charge. Date Accounts Debit Credit Jul. 3 Jul. 9: Hampton returns $5,600 of the merchandise due to damage during shipment. Date Accounts Debit Credit Jul. 9 Jul. 14: Hampton paid the amount due, less return and discount. Date Accounts Debit Credit Jul. 14 Requirement 2. In the final analysis, how much did the inventory cost Hampton? The inventory cost for Hampton is $