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B1 Sto problen P5.1A on page b-47 Important = be sure to take note as to whether you are the buyer for the General Journal

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B1 Sto problen P5.1A on page b-47 Important = be sure to take note as to whether you are the buyer for the General Journal Date Account Tiles 6/1/2022 Debit Credit To record inventory purchase 6/3/2022 To record sales To record cost of goods sold 6/6/2022 To record credit for books we retumed 6/9/2022 To record payment niet of discount taken 6/15/2022 To record payment received 6/17/2022 To record sales To record cost of goods sold 6/20/2022 Putheased books on account 6/24/2022 To record payment received 6/26/2022 To record payment niet of discount taken 6/28/2022 Bi To record payment received 6/17/2022 To record sales To record cost of goods sold 6/20/2022 Purhcased books on account 6/24/2022 To record payment received. 6/26/2022 To record payment net of discount taken 6/28/2022 To record sales + To record cost of goods sold 6/30/2022 To record sales return To record cost of goods sold reduction related to sales return Jouma transa Invento P5.1A (LO 2, 3), AP Powell's 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 trans- actions occurred. June 1Purchased books on account for $1,040 from Catlin Publishers, terms 2/10,n/30. 3 Sold books on account to Garfunkle Bookstore for $1,200. The cost of the books sold was $720. 6 Received $40 credit for books returned to Catlin Publishers. 9 Paid Catlin Publishers in full. 15 Received payment in full from Garfunkle Bookstore. 17 Sold books on account to Bell Tower for $1,200. The cost of the merchandise sold was $730. 20 Purchased books on account for $800 from Priceless Book Publishers, terms 1/15, n/30. Received payment in full from Bell Tower. 26 Paid Priceless Book Publishers in full. Sold books on account to General Bookstore for $1,300. The cost of the merchandise sold was $780. 30 Granted General Bookstore $130 credit for books returned costing $80. 24 28

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