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Contider the following transactions for Lil Squirt Toys: 3) (Ciak the ican to view the transactions.) Rrquirements 1. Joumalize the purchase transactions. Explanations are not
Contider the following transactions for Lil Squirt Toys: 3) (Ciak the ican to view the transactions.) Rrquirements 1. Joumalize the purchase transactions. Explanations are not required, 2. in the final analysis, how much did the inventory cost Lil Squirt Toys? explanation from joumal entries.) Jan. 8: L. Squint Toys puechased 5161,800 worth of PegaBlock toys on account with credit lerms of 2/10, n/60. Jan. 13: Lit Squirt Toys retumed 516,100 of the merchandise to PegaBlock due to damage during shipment. Consider the following transactions for La Squirt Toys: A. (Cick 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 Li Squirt Toys? Jan. 13: Lil Squirt Toys retumed $16,100 of the merchandise to PegaBlock due to damage during shipment Jan. 16: Li Squirf Toys paid the amount due, Inss the retum and discount. (1) (Cick 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 Li Squirt Toys? Jan. 16: Lil Squirt Toys paid the amount doe. lese fie nhim and decount. Requirement 2. In the final analysis, how much did the inventory cost Li Squirt Toys? The inventory cost for Lil Squint Toys is
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