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Consider the following transactions for Funtime Gadgets:

May 6 Funtime Gadgets buys $131,900 worth of merchandise from Gadget Warehouse on account with credit terms of 2/10, n/30.

May 9 Funtime Gadgets returns $13,700 of the merchandise to Gadget Warehouse due to damage during shipment.

May 17 Funtime Gadgets paid the amount due, less the return and discount.

Journalize the purchase transactions.

Journal
DateDescriptionDebitCredit
May 6
May 6
May 9
May 9
May 17
May 17
May 17

Finally, how much did the inventory cost Funtime Gadgets?

$

 


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