Arizona Genuine distributes paperback books to retail stores and extends credit terms of 2 10, n 30 to all of its customers During the month of July, the following merchandising transactions occurred July 1 Purchased books on account for $1,165 (including freight) from Lintac Publishers, terms 2 10, n 30 3 Sold books on account to Funky Bookstore for $1,200 The cost of the merchandise sold was $750 6 Received $65 credit for books returned to Lintac Publishers 9 Paid Lintac Publishers in full 15 Received payment in full from Funky Bookstore 17 Sold books on account to Drake Tower for $2,000 The cost of the merchandise sold was $900 20 Purchased books on account for $900 from Pricefull Book Publishers, terms 2 15, n 30 24 Received payment in full from Drake Tower 26 Paid Pricefull Book Publishers in full 28 Sold books on account to Gen Bookstore for $1,300 The cost of the merchandise sold was $910 30 Granted Gen Bookstore $270 credit for books returned costing $85 Journalize the transactions for the month of July for Arizona Genuine, using a perpetual inventory system Here is what I have so far Everything is correct besides the areas indicated by a Please fill out the areas and explain how where you got the information from Thank you July 1 Inventory 1165 Accounts Payable 1165 July 3 Accounts Receivable 1200 Sales Revenue 1200 July 3 Cost of Goods Sold 750 Inventory 750 July 6 Sales Revenue ( ) 65 Inventory 65 July 9 Accounts Payable Cash Inventory July 15 Cash 1200 Accounts Receivable 1200 July 17 ( ) Accounts Receivable 2000 2000 July 17 ( ) Cost of Goods Sold 900 Inventory 900 July 20 ( ) Inventory Accounts Payable July 24 ( ) Cash Sales Discounts Accounts Receivable July 26 Accounts Payable Cash Inventory July 28 Accounts Receivable 1300 Cost of Goods Sold ( ) 1300 July 28 Cost of Goods Sold 910 Inventory 910 July 30 Sales Returns and Allowances 270 Accounts Receivable 270 July 30 Inventory 85 Costs of Goods Sold 85

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Arizona Genuine distributes paperback books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. During the month of July,

Arizona Genuine distributes paperback books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. During the month of July, the following merchandising transactions occurred.

July 1		Purchased books on account for $1,165 (including freight) from Lintac Publishers, terms 2/10, n/30.
3		Sold books on account to Funky Bookstore for $1,200. The cost of the merchandise sold was $750.
6		Received $65 credit for books returned to Lintac Publishers.
9		Paid Lintac Publishers in full.
15		Received payment in full from Funky Bookstore.
17		Sold books on account to Drake Tower for $2,000. The cost of the merchandise sold was $900.
20		Purchased books on account for $900 from Pricefull Book Publishers, terms 2/15, n/30.
24		Received payment in full from Drake Tower.
26		Paid Pricefull Book Publishers in full.
28		Sold books on account to Gen Bookstore for $1,300. The cost of the merchandise sold was $910.
30		Granted Gen Bookstore $270 credit for books returned costing $85.

Journalize the transactions for the month of July for Arizona Genuine, using a perpetual inventory system.

Here is what I have so far. Everything is correct besides the areas indicated by a "??." Please fill out the "??" areas and explain how/where you got the information from. Thank you!

July 1	Inventory	1165
	Accounts Payable		1165
July 3	Accounts Receivable	1200
	Sales Revenue		1200
July 3	Cost of Goods Sold	750
	Inventory		750
July 6	Sales Revenue (??)	65
	Inventory		65
July 9	Accounts Payable	??
	Cash		??
	Inventory		??
July 15	Cash	1200
	Accounts Receivable		1200
July 17 (??)	Accounts Receivable	2000
			2000
July 17 (??)	Cost of Goods Sold	900
	Inventory		900
July 20 (??)	Inventory	??
	Accounts Payable		??
July 24 (??)	Cash	??
	Sales Discounts	??
	Accounts Receivable		??
July 26	Accounts Payable	??
	Cash		??
	Inventory		??
July 28	Accounts Receivable	1300
	Cost of Goods Sold (??)		1300
July 28	Cost of Goods Sold	910
	Inventory		910
July 30	Sales Returns and Allowances	270
	Accounts Receivable		270
July 30	Inventory	85
	Costs of Goods Sold		85