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Consider the following transactions for Funtime Gadgets:

January 5 Funtime Gadgets buys $139,700 worth of merchandise from Gadget Warehouse on account with credit terms of 2/10, n/30.

January 10 Funtime Gadgets returns $13,800 of the merchandise to Gadget Warehouse due to damage during shipment.

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

Journalize the purchase transactions.

Journal
DateDescriptionDebitCredit
January 5
January 5
January 10
January 10
January 13
January 13
January 13

Finally, how much did the inventory cost Funtime Gadgets?

$

 


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