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Question 4 of 10 -/15 View Policies Current Attempt in Progress Ayayat's Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, 1/30 to all of its customers. During the month of June, the following merchandising transactions occurred. June 1 Purchased books on account for $1.020 (including freight) from Catlin Publishers, terms 2/10,n/30. 3 Sold books on account to Garfunkle Bookstore for $1.190. The cost of the books sold was $770. 6 Received $20 credit for books returned to Catlin Publishers. Paid Catlin Publishers in full. Received payment in full from Garfunkle Bookstore, Sold books on account to Bell Tower for $1.200. The cost of the merchandise sold was $770. Purchased books on account for $740 from Priceless Book Publishers, terms 1/15,1/30. 24 Received payment in full from Bell Tower. Paid Priceless Book Publishers in full. 28 Sold books on account to General Bookstore for $1.280. The cost of the merchandise sold was $710. 30 Granted General Bookstore $120 credit for books returned costing $80. 9 15 17 20 26 Journalize the transactions for the month of June for Ayayai Warehouse using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem. Round answers to 2 decimal places, e.g. 125.53.) Date Debit Credit Account Titles and Explanation Inventory June 1 1020 Question 4 of 10 -/1 Date Debit Credit June 1 1020 1020 June 3 Account Titles and Explanation Inventory Accounts Payable Accounts Receivable Sales Revenue (To record credit sale) Cost of Goods Sold 1190 1190 June 6 770 Inventory 770 (To record cost of merchandise sold) Accounts Payable June 6 20 Inventory June Accounts Payable Inventory Cash June 15 Cash Accounts Receivable June 17 Accounts Receivable June 15 Cash Accounts Receivable June 17 Accounts Receivable Sales Revenue (To record credit sale) Cost of Goods Sold June 17 Inventory (To record cost of merchandise sold) June 20 Inventory Cash June 24 Cash Sales Discounts Accounts Receivable Accounts Payable June 26 Inventory Cash June 28 Accounts Receivable Sales Discounts Accounts Receivable June 26 Accounts Payable Inventory Cash June 28 June 28 Accounts Receivable Sales Revenue (To record credit sale) Cost of Goods Sold Inventory (To record cost of merchandise sold) Sales Returns and Allowances Accounts Receivable (To record merchandise returned) Inventory June 30 June 30 Cost of Goods Sold (To record cost of merchandise returned)