Quiz) Quiz 7 (December 17) Consider the following transactions for Bedford Drug Store: Click the icon to view the transactions.) Requirements 1. Journalize the purchase transactions. Explanations are not required. In the final analysis, how much did the inventory cost Bedford? 2. Requirement 1. Journalize the purchase transactions. Explanations are not required. (Assume the company uses explanations from journal entries.) Mar. 2: Bedford buys $22,500 worth of inventory on account with credit terms of 2/15, n/60, FOB shipping point. Debit Credit Date Accounts Mar. 2 Mar. 3: Bedford pays a $100 freight charge. Accounts Debit Date Credit Mar. 3 Mar. 8: Bedford returns $6,500 of the merchandise due to damage during shipment. Date Accounts Debit Credit Mar. 8 pre: Ens are not required cost Bedford? Explanations are not required. (Assume the company uses a perpetual inventory system. Round the answers to the nearest whole ? unt with cre More info Mar. 2 Bedford buys $22,500 worth of inventory on account with credit terms of 2/15, n/60, FOB shipping point 3 Bedford pays a $100 freight charge. 8 Bedford returns $6,500 of the merchandise due to damage during shipment. 14 Bedford paid the amount due, less return and discount. Print Done De to damage during shipment. Debit Credit Consider the following transactions for Bedford Drug Store: 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 Bedford? Date Accounts Debit Credit Mar. 3 Mar. 8: Bedford returns $6,500 of the merchandise due to damage during shipment. Date Accounts Debit Credit Mar. 8 Mar. 14: Bedford paid the amount due, less return and discount Date Accounts Debit Credit Mar. 14 Requirement 2. In the final analysis, how much did the inventory cost Bedford? The inventory cost for Bedford is $

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