Try another version of this question Consider the following transactions for Funtime Gadgets: May 7 Funtime Gadgets buys $148,400 worth of merchandise from Gadget Warehouse on account with credit terms of 2/10, n/30. May 10 Funtime Gadgets returns $14,500 of the merchandise to Gadget Warehouse due to damage during shipment. May 16 Funtime Gadgets paid the amount due, less the return and discount. Journalize the purchase transactions. Finally, how much did the inventory cost Funtime Gadgets? $ Date Description Debit Credit May 7 May 7 May 10 May 10 May 16 May 16 May 16 Date Description Debit Credit May 7 Merchandise Inventory 148,400 May 7 A/P-Gadget Warehouse 148,400 May 10 A/P-Gadget Warehouse 14,500 May 10 Merchandise Inventory 14,500 May 16 A/P-Gadget Warehouse 133,900 May 16 Merchandise Inventory 2,678 May 16 Cash 131,222