Click and Save Bookstore distributes hardback books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. At the end of June, Click and Save's inventory consisted of 250 books purchased at RM1.250, During the month of Julv, the following merchandising transactions occurred: JuPurchased 260 books on account for RM5 each from Cekap Publishers, FOB destination, terms 2/10, n/30. The appropriate party also made a cash payment of RM100 for freight on this date 3Sold 220 books on account to Active Readers for RM10 each. 6 Received RM5 credit each for 20 books returned to Cekap Publishers. 9 PaidCekap Publishers in full, less discount. 15Recei 17Sold 200 books on account to Beta Books for RM10 each. ived payment in full from Active Readers 20Purchased 210 books on account for RM5 each from Beacon Publishers, FOB destination, terms 2/15, n'30. The appropriate party also made a cash payment of RM150 for freight on this date 24 Receiv ed payment in full from Beta Books. 26Paid Beacon Publishers in full, less discount. 28Sold 210 books on account to Famous Bookstore for RM10 30Granted Famous Bookstore RM150 credit for 15 books returned costing RM75 Instruction Prepare the July transactions using a perpetual inventory system