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Consider the following transactions for Funtime Gadgets:

January 4 Funtime Gadgets buys $143,300 worth of merchandise from Gadget Warehouse on account with credit terms of 2/10, n/30.

January 11 Funtime Gadgets returns $13,500 of the merchandise to Gadget Warehouse due to damage during shipment.

January 18 Funtime Gadgets paid the amount due, less the return and discount.

Journalize the purchase transactions.

Journal
DateDescriptionDebitCredit
January 4
January 4
January 11
January 11
January 18
January 18
January 18

Finally, how much did the inventory cost Funtime Gadgets?

$

 


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