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Consider the following transactions for KC Toys (Click the icon to view the transactions) Requirements 1. Joumalize the purchase transactions Explanations are not required 2

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Consider the following transactions for KC Toys (Click the icon 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 KC Toys? Mar 6: KC Toys buys $119,300 worth of PegaBlock toys on account with credit terms of 2/10 760. Date Accounts Debit Credit Mar 6 Mar 13: KC Toys returns $11.850 of the merchandise to PegaBlock due to damage during shipment. Date Accounts Debit Credit Mar 13 Mar 14: KC Toys paid the amount due, less the return and discount Date Accounts Debit Credit Mar 14

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