Suppose Fun in the Sun purchases $61,000 of sportswear on account from Great Wear, Inc., on March 1, 2018. Credit terms are 4/10, net 30. Fun in the Sun pays Great Wear, Inc., on March 8, 2018 1. Journalize the transactions for Fun in the Sun on March 1, 2018, and March 8, 2018, assuming the "net" method is used. 2. What was the final cost of this inventory for Fun in the Sun? 1. Journalize the transactions for Fun in the Sun on March 1, 2018, and March 8, 2018, assuming the "net" method is used (Record debits tirst, then credits. Exclude explanations from any journal entries.) March 1: Purchases $61,000 of sportswear on account Journal Entry Accounts Date Debit Credit Mar 1