Transactions Consider the following transactions for Derry Drug Store: View the transactions. Requirements 1. Journalize the purchase transactions. Explanations are not required. 2. In the final analysis, how much did the inventory cost Derry Drug Store? Requirement 1. Journalize the purchase transactions. Explanations are not required. (Assume the company uses a perpetual inventory system. Round the answers to the nearest whole dollar. Record debits first, then credits. Exclude explanations from journal entries.) Jul. 2: Derry Drug Store purchased $23,500 worth of inventory on account with credit terms of 3/15,n/30, FOB shipping point from Stone Medical Supplies. Jul. 4: Derry Drug Store paid a $120 freight charge