76% Thu 12:51 AM Powell's Book Warehouse distributes hardcover books to retail stores and extends credit terms of 1/10, n/30 to all of its customers. At the end of May, Powel's inventory consisted of Dune 1 Purchased books on account for $1.4 date, se bkn 00 from Kline Publishers, FOB destination, terms 1/10, nv30. The appropriate party also made a cash payment of $50 for the frelight on this date. 3 Sold books on account to Reading Rainbow for $2,400. The cost of the books sold was $800 $200 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 $1,600. The cost of the books sold was s960. 2 Purchased books on account for $1,200 from Dietz Publishers, FOB destination, terms 1/15, n/30. The appropriate party also made a cash payment of $50 for the freght on ths 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 $1,200. The cost of the books sold was $650 30 Granted Reddy Bookstore $130 credit for books returned costing $78. date. Powell's 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, and No. 505 Cost of Goods Sold. Journalize the transactions for the month of June for Powell's Book Warehouse using a is entered. Do not indent manually. It no entry is required, select "No Entry" for the presented in the problem.) account tities and enter o for the amounts. Record journal entries in the order Policy 12