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S5-2 (book/static) 3 Question Help Consider the following transactions for Toys and More: (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 Toys and More? Requirement 1. Journalize the purchase transactions. Explanations are not required. (Assume the company uses a perpetual inventory system. Record debits first, then credits. Exclude explanations from journal entries.) May 8: Toys and More buys $113,300 worth of MegoBlock toys on account with credit terms of 2/10, n/60. Date Accounts Debit Credit More Info May 8 May 8 Toys and More buys $113,300 worth of MegoBlock toys on account with credit terms of 2/10, n/60 12 Toys and More returns $11,250 of the merchandise to MegoBlock due to damage during shipment 15 Toys and More paid the amount due, less the return and discount Print Done Done Choose from any list or enter any number in the input fields and then click Check Answer. parts Clear All Check Answer remaining