Question: Journalize the purchase transactions. In the final analysis, how much did the inventory cost Hampton? Consider the fol lowing transactions for Hampton Drug Store: 0
Journalize the purchase transactions.
In the final analysis, how much did the inventory cost Hampton?


Consider the fol lowing transactions for Hampton Drug Store: 0 (Click the icon to View the tranwotions.) Requiremente 1. Journalize the purchase transactions. Explanations are not required. 2. In the nal analysis, hmv much did the inventory cost Hampton? Requirement 1. Journal ize 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 rst, then credits. Exclude explanations from journal entries.) Jul. 2: Hampton buys $23,800 worth cflnventory on acmunt with credlt terms cf1i15, m'45. FOB shlpplng point. Dale l Accounts ll Debit Credit Jul. 2 Jul. 2 Hamptdn buys $23,306 1iiiii:irth df Inventpry en eeepu nt with credit tem'is sf 1 I 15, n HE. FOE! shipping point. 4 Hamptdn pays a $1 1D freight marge. El Hamptdn retums $E,[i df the merchandise due in damage during shipment. '14 Hamptdn paid the empunt due. lass ratum and disepunl
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