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Consider the following transactions for Funtime Gadgets:

January 6 Funtime Gadgets buys $131,400 worth of merchandise from Gadget Warehouse on account with credit terms of 2/10, n/30.

January 12 Funtime Gadgets returns $13,300 of the merchandise to Gadget Warehouse due to damage during shipment.

January 15 Funtime Gadgets paid the amount due, less the return and discount.

Journalize the purchase transactions.

Journal
DateDescriptionDebitCredit
January 6
January 6
January 12
January 12
January 15
January 15
January 15

Finally, how much did the inventory cost Funtime Gadgets?

$

 


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