Requirements 1. Journalize the purchase transactions assuming Galla Packing Supplies uses the periodic inventory system Explanations are not required, 2. What is the net cost of inventory purchased? Requirement 1. Journalize the purchase transactions assuming Galia Packing Supplies uses the periodic inventory system. Explanations are not required (Record debits first, then credits. Exclude explanations from journal entries.) Apr 10 Galia Packing Supplies buys $165,000 worth of merchandise inventory on account with credit terms of 3/10, n/30, from Windin Date Accounts Debit Credit Apr 10 Apr 12. Galia returns $12,000 of the merchandise to Windin due to damage during shipment Date Accounts Debit Credit Apr. 12 Apr 19. Galia paid the amount due, less the return and discount, to Windin Dale Accounts Debit Credit Apr 19 Requirement 2. What is the net cost of inventory purchased? The net cost of inventory purchased is Get More Help Next