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Consider the following transactions for Funtime Gadgets:

August 6 Funtime Gadgets buys $144,100 worth of merchandise from Gadget Warehouse on account with credit terms of 2/10, n/30.

August 10 Funtime Gadgets returns $14,800 of the merchandise to Gadget Warehouse due to damage during shipment.

August 13 Funtime Gadgets paid the amount due, less the return and discount.

Journalize the purchase transactions.

Journal
DateDescriptionDebitCredit
August 6
August 6
August 10
August 10
August 13
August 13
August 13

Finally, how much did the inventory cost Funtime Gadgets?

$

 


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