0 39.36 Hide Timer - 10.2 Question 3 View Policies Current Attempt in Progress Bridgeport Book Warehouse distributes hardcover books to retail stores and extends credit terms of 2/10 n/30 to all of its customers. At the end of May, Bridgeport inventory consisted of books purchased for $1,800. During June, the following merchandising transactions occurred. June 1 Purchased books on account for $1,500 from Kline Publishers. FOB destination terms 3/10.n/30. The appropriate party also made a cash payment of $50 for the freignt on this date 3 Sold books on account to Reading Rainbow for $2,800. The cost of the books sold was $1,560. 6 Received $100 credit for books returned to Kline Publishers. 9 Paid Kline Publishers in full, less discount. 15 Received payment in full from Reading Rainbow. 17 Sold books on account to Blanco Books for $1,700. The cost of the books sold was $1.130. 20 Purchased books on account for $1,500 from Dietz Publishers, FOB destination, terms 2/15.n/30. The appropriate party also made a cash payment of $60 for the freight on this date. 24 Received payment in full from Blanco Books. 26 Paid Dietz Publishers in full, less discount. 28 Sold books on account to Reddy Bookstore for $1,300. The cost of the books sold was $890. 30 Granted Reddy Bookstore $130 credit for books returned costing $80. Bridgeport Book Warehouse's chart of accounts includes the following: No. 101 Cash, No. 112 Accounts Receivable, No. 120 Inventory, No. 201 Accounts Payable. No.401 Sales Revenue, No. 412 Sales Returns and Allowances, No. 414 Sales Discounts, No. 510 Purchases, No. 512 Purchase Returns and Allowances, and No.514 Purchase Discounts. Ternally the transactions for the month of June for Bridgeport Book Warehouse using a periodic inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit 1 Type here to search hp Home page News banner fotor.com Curriculum Training... https/account.aut Aont Four Points by Sher. Study Abroad Cons... Imperial Educational l Joumalize the transactions for the month of June for Bridgeport Book Warehouse using a periodic inventory system. (Credit account titles are automatically Indented when the amount is entered. Do not indent manua select "No entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit June 24 O 11 e sz Type here to search m JA @cs 40 June 24 Seve for Late