Consider the following transactions for PeeWoo's 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 PeeWee's Toys? Requirement 1. Joumalize the purchase transactions. Explanations are not required. (Assume the company uses a perpetual inventory system. Record debits first, then credits. Exclude explanations from journal entries.) Aug. 7: PeeWee's Toys buys $108,800 worth of MegoBlock toys on account with credit terms of 2/10, 1/45. Accounts Aug 7 Merchandise Inventory Accounts Payable 108.800 Date Debit Credit 108.800 itin Aug. 12: PeeWee's Toys returns $10,800 of the merchandise to MegoBlock due to damage during shipment. Date Accounts Debit Credit Aug. 12 Merchandise Inventory Cash how much did the inventory cost PeeWee's Toys? tory sys More Info 1 s Cancel Shar ount Aug. 7 'PeeWee's Toys buys $108,800 worth of MegoBlock toys on account with credit terms of 2/10, n/45 12 PeeWee's Toys returns $10,800 of the merchandise to MegoBlock due to damage during shipment. 14 PeeWee's Toys paid the amount due, less the return and discount Toys Print Done Merchandise Inventory Cash