Blossom's Book Warehouse distributes hardback books to retail stores and extends credit terms of 1/10,n/30 to all of its customers. During the month of June, the following merchandising transactions occurred. June 1 Purchased books on account for $1,500 from Binsfeld Publishers, terms 2/10,n/30. 3 Sold books on account to Reading Rainbow for $3,000. The cost of the books sold was $1.800. 6 Received $150 credit for books returned to Binsfeld Publishers. 9 Paid Binsteld Publishers in full. 15 Received payment in full from Reading Rainbow. 17 Sold books on account to Rapp Books for $1,500. The cost of the merchandise sold was $900. 20 Purchased books on account for $1,500 from McGinn Publishers, terms 1/15,n/30. 24 Received payment in full from Rapp Books. 26 Paid McGinn Publishers in full. 28 Sold books on account to Baeten Bookstore for $1,300. The cost of the merchandise sold was $970. 30 Granted Baeten Bookstore $180 credit for books returned costing $108