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Consider the following transactions for Funtime Gadgets:

March 6 Funtime Gadgets buys $141,300 worth of merchandise from Gadget Warehouse on account with credit terms of 2/10, n/30.

March 9 Funtime Gadgets returns $14,900 of the merchandise to Gadget Warehouse due to damage during shipment.

March 19 Funtime Gadgets paid the amount due, less the return and discount.

Journalize the purchase transactions.

Journal
DateDescriptionDebitCredit
March 6
March 6
March 9
March 9
March 19
March 19
March 19

Finally, how much did the inventory cost Funtime Gadgets?

$

 


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