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Consider the following transactions for Wonderland Toys: (Click the icon to view the transactions.) Requirements 1. Journalize the purchase transactions. Explanations are not required. 2.
Consider the following transactions for Wonderland Toys: (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 Wonderland Toys? Requirement 1. Journalize 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.) Mar. 7: Wonderland Toys buys $162,300 worth of ConnectBlock tays on account with credit terms of 2/10,n/30 Date Accounts Debit Credit Mar. 7 - X More Info Mar. 12: Wonderland Toys returns $18,150 of the merchandise to ConnectBlock due to damage during shipment Date Accounts Debit Credit Mar. 12 Mar. 7 Wonderland Toys buys $162,300 worth of ConnectBlock toys on account with credit terms of 2/10/30 12 Wonderland Toys returns $16,150 of the merchandise to ConnectBlock due to damage during shipment. 15 Wonderland Toys paid the amount due, less the return and discount Print Done Mar. 15: Wonderland Toys paid the amount due, less the return and discount. Date Accounts Debit Credit Mar. 15 Requirement 2. In the final analysis, how much did the inventory cost Wonderland Toys? The inventory cost for Wonderland Toys is s
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