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Consider the following transactions for Funtime Gadgets:

March 5 Funtime Gadgets buys $132,400 worth of merchandise from Gadget Warehouse on account with credit terms of 2/10, n/30.

March 10 Funtime Gadgets returns $14,600 of the merchandise to Gadget Warehouse due to damage during shipment.

March 16 Funtime Gadgets paid the amount due, less the return and discount.

Journalize the purchase transactions.

Journal
DateDescriptionDebitCredit
March 5
March 5
March 10
March 10
March 16
March 16
March 16

Finally, how much did the inventory cost Funtime Gadgets?

$

 


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