Requirements 1. Journalize the purchase transactions Explanations are not required. 2. In the final analysis, how much did the inventory cost Partytime Toys? Requirement 1. Journalize the purchase transactions Explanations are not required. (Assume the company uses a perpetual inventory system. Record debit then credits. Exclude explanations from journal entries.) Jun. 6: Partytime Toys buys $146, 300 worth of PegaBlock toys on account with credit terms of 2/10, n/60