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Journalize transactions for the company Toys and More Toys Consider the following transactions for Toys and More Toys: 0 (Click the icon to View the

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Journalize transactions for the company Toys and More Toys

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Consider the following transactions for Toys and More Toys: 0 (Click the icon to View the trenmcticns.) Requirements 1. Journalize the purchase transactions. Explanations are not required. 2. In the nal analysis, how much did the inventory cost Toys and More Toys? Requirement 1. Joumelize the purchase transactions. Explanations are not required. (Assume the company uses a perpetual inventory system Record debits rst, then credits Exclude explanations from journal entries.) Jan. 3: Toys and More Toys buys $104300 worth ofPegaBlocl-c toys on account with credit terms of 2 I15. n I 60. Dale | Account- Deblt | Credit Jan.B l|| I II I II I ll 0 More Info - X Jon. B Toys and More Toys buys MEI-4,305 worth of PegaBlook toys on eooounl mm oredit terms o1'2.lr 1i}. n JED. '13 Toys and More Toys returns $1,35L'I of the merchandise to PegaBlook due to damage oung shloment. '15 Toys and More Toys paid the amount due. less the return and dlsoount

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