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Requirements 1. Journalize the purchase transactions. Explanations are not required. In the final analysis, how much did the inventory cost PeeWee's Toys? 2. Requirement 1.
Requirements 1. Journalize the purchase transactions. Explanations are not required. In the final analysis, how much did the inventory cost PeeWee's Toys? 2. Requirement 1. Journalize the purchase transactions. Explanations are not required. (Assume the company uses a pe Sept. 7: PeeWee's Toys buys $133,800 worth of MegoBlock toys on account with credit terms of 2/10, n/60. Date Accounts Debit Credit Sept. 7 Sept. 11: PeeWee's Toys returns $13,300 of the merchandise to MegoBlock due to damage during shipment. Date Debit Credit Sept. 11 Accounts Sept. 16: PeeWee's Toys paid the amount due, less the retum and discount Debit Credit Accounts Date Sept. 16 Requirement 2. In the final analysis, how much did the inventory cost PeeWee's Toys? The inventory cost for PeeWee's Toys is $
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