Kern's Book Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. During the month of June, the following merchandising transactions occurred.

June 1    Purchased books on account for $1,600 from Binsfeld Publishers, terms 2/10, n/30.
3    Sold books on account to Reading Rainbow for $2,500. The cost of the books sold was $1,440.
6    Received $100 credit for books returned to Binsfeld Publishers.
9    Received $100 credit for books returned to Binsfeld Publishers.
15   Paid Binsfeld Publishers in full.
17   Received payment in full from Reading Rainbow.
20   Sold books on account to Rapp Books for $1,800. The cost of the merchandise sold was $1,080.
24   Purchased books on account for $1,800 from McGinn Publishers, terms 2/15, n/30.
26   Paid McGinn Publishers in full.
28   Sold books on account to Baeten Bookstore for $1,600. The cost of the merchandise sold was $970.
30   Granted Baeten Bookstore $120 credit for books returned costing $72

Instructions
Journalize the transactions for the month of June for Kern's Book Warehouse using a perpetual inventory system.