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Q4 please answer r| Suppose Tot's Toys uses the perpetual inventory system and buys $200,000 of Lincoln Logs toys on credit terms of 3/15, n/30.

Q4 please answer

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r|\\ Suppose Tot's Toys uses the perpetual inventory system and buys $200,000 of Lincoln Logs toys on credit terms of 3/15, n/30. Some of the goods are damaged in shipment, so Tot's Toys returns $15,000 of the merchandise to Lincoln Logs. Joumalize the following transactions on the books of Tot's Toyst Explanations are not required. a. Purchase of the goods on July 8,2023. 4 b. Return of the damaged goods on July 12, 2023. c. Payment on July 15, 2023. d. In the end, how much did the inventory cost Tot's Toys? Joumelize the following transactions on the books of Tot's Toys. Explanations are not required a. Purchase ofthe goods on July 8, 2023. (Record debits first, then credits. Exclude explanations from journal entries.)

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