Consider the following transactions for Manchester 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 Manchester? 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. 2: Manchester buys $21,200 worth of inventory on account with credit terms of 1/15, n/45, FOB shipping point. Date Accounts Debit Credit More Info Aug. 2 21,200 Merchandise Inventory Accounts Payable 21,200 Aug. 2 Manchester buys $21,200 worth of inventory on account with credit terms of 1/15, n/45, FOB shipping point. 4 Manchester pays a $140 freight charge. 7 Manchester returns $5,800 of the merchandise due to damage during shipment. 14 Manchester paid the amount due, less return and discount. Aug. 4: Manchester pays a $140 freight charge. Date Accounts Debit Credit Aug. 4 Print Done