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Consider the following transactions for BigGuy Tays: O (Click the icon to view the transactions.)...

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Accounting

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Consider the following transactions for BigGuy Tays: O (Click the icon to view the transactions.) Sept. 7 BigGuy Toys buys $115,300 worth of ConnectABlock toys on account with oredit terms of 2/10, n/60. 13 BigGuy Toys retums $11,450 of the merchandise to ConnectABlock due to damage during shipment. 15 BigGuy Tays paid the amount due, less the retum and discount. Requirements Jounalize the purchase transactions. Explanations are not required. 1. In the final analysis, how much did the inventory cost BigGuy Toys? 2. Sept. 15: BigGuy Toys paid the amount due, less the retum and discount Date Accounts Debit Credit Done Print Accounts Payable 103,850 Sept. 15 Cash Merchandise Inventory

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