Consider the following transactions for Derry Drug$$ Store:

LOADING...$($Click the icon to view the$$ transactions.$)$

Requirements

$1.$

Journalize the purchase transactions. Explanations are not required.

$2.$

In the final$$ analysis, how much did the inventory cost Derry Drug$$ Store?

Question content area bottom

Part $1$

Requirement $1.$ Journalize the purchase transactions. Explanations are not required. $($Assume the company uses a perpetual inventory system. Round the answers to the nearest whole dollar. Record debits$$ first, then credits. Exclude explanations from journal$$ entries.$)$

May $2$: purchased $$22,700$ worth of inventory on account with credit terms of $2/15,$ n$/45$ FOB shipping point from Blue Medical Supplies $.$