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Business, 21.06.2021 16:30 jan1829

Consider the following transactions for BigGuy Toys​:
Apr. 7 BigGuy Toys purchased $198,800 worth of MegoBlock toys on account with credit terms of 2/10, n/60.
Apr. 13 BigGuy Toys returned $19,800 of the merchandise to MegoBlock due to damage during shipment.
Apr. 15 BigGuy Toys paid the amount due, less the return and discount.

Required:
a. Journalize the purchase transactions. Explanations are not required.
b. In the final​ analysis, how much did the inventory cost BigGuy Toys​?

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Answers: 1

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Consider the following transactions for BigGuy Toys​:
Apr. 7 BigGuy Toys purchased $198,800 w...
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