Suppose Nelson's Sports purchases $61,000 of sportswear on account from US Sportwears, Inc., on July 1, 2018. Credit terms are 2/10, net 60. Nelson's Sports pays US Sportwears, Inc., on July 8, 2018. 1. Journalize the transactions for Nelson's Sports on July 1, 2018, and July 8, 2018, assuming the "net" method is used. 2. What was the final cost of this inventory for Nelson's Sports? 1. Journalize the transactions for Nelson's Sports on July 1, 2018, and July 8, 2018, assuming the "net" method is used (Record debits first, then credits. Exclude explanations from any journal entries.) July 1: Purchases $61,000 of sportswear on account. Journal Entry Accounts Date Debit Credit July 1 Inventory 59780 Accounts payable 59780 July 8: Paid US Sportwears, Inc.. Date Journal Entry Accounts Accounts payable Debit Credi July 8 Cash 2. What was the final cost of this inventory for Nelson's Sports? The final cost of the inventory for Nelson's Sports was $ Suppose Nelson's Sports purchases $61,000 of sportswear on account from US Sportwears, Inc., on July 1, 2018. Credit terms are 2/10, net 60. Nelson's Sports pays US Sportwears, Inc., on July 8, 2018. 1. Journalize the transactions for Nelson's Sports on July 1, 2018, and July 8, 2018, assuming the "net" method is used. 2. What was the final cost of this inventory for Nelson's Sports? 1. Journalize the transactions for Nelson's Sports on July 1, 2018, and July 8, 2018, assuming the "net" method is used (Record debits first, then credits. Exclude explanations from any journal entries.) July 1: Purchases $61,000 of sportswear on account. Journal Entry Accounts Date Debit Credit July 1 Inventory 59780 Accounts payable 59780 July 8: Paid US Sportwears, Inc.. Date Journal Entry Accounts Accounts payable Debit Credi July 8 Cash 2. What was the final cost of this inventory for Nelson's Sports? The final cost of the inventory for Nelson's Sports was $