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Consider the following transactions for Funtime Gadgets:

March 6 Funtime Gadgets buys $145,900 worth of merchandise from Gadget Warehouse on account with credit terms of 2/10, n/30.

March 11 Funtime Gadgets returns $13,400 of the merchandise to Gadget Warehouse due to damage during shipment.

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

Journalize the purchase transactions.

Journal
DateDescriptionDebitCredit
March 6
March 6
March 11
March 11
March 18
March 18
March 18

Finally, how much did the inventory cost Funtime Gadgets?

$

 


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