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Consider the following transactions for Manchester Drug Store: (Click the loon to view the transactions.) Requirements 1. Journalize the purchase transactions. Explanations are not required

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Consider the following transactions for Manchester Drug Store: (Click the loon 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.) Jan. 2: Manchester buys $23,000 worth of inventory on account with credit terms of 1/15, n/45, FOB shipping point Dobt Credit Date Accounts Jan. 2

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