Crane Warehouse distributes hardback books to retail stores and extends credit terms of 1/10,f/30 to all of its customers. During the month of June, the following merchandising transactions occurred. June 1 Purchased books on account for $2,180 (including freight) from Catlin Publishers, terins 4/10,n/30. 3 Sold books on account to Garfunkel Bookstore for $900. The cost of the merchandise sold was $700. 6 Received $80 uedit for books returned to Catlin Publishers. 9 Paid Catlin Publishers in full. 15 Received payment in full from Garfunkel Bookstore. 17 Sold books on account to Bell Tower for $1,600. The cost of the herchandise sold was $950. 20 Purchased books on account for $800 from Priceless Book Publishers, terms 3/15,n/30. 24 Received payment in full from Bell Tower. 26 Paid Priceless Book Publishers in full. 28 Sold books on account to General Bookstore for $1,800. The cost of the merchandise sold was 5820. 30 Granted General Bookstore $300 credit for books returned costing $40, Journalize the transactions for the month of June for Crane Warehouse, using a perpetual inventory system. of no entry as required. select "No Entry" for the occount tities and enter Ofor the amounts Credit occount vities are automatically indented when amount is enternd. Do not indent manually. Record journal entries in the order presented in the problem. List oll debit entries before credt entries) (To record sale of books on account) Cost of Goods Sold Iimentory (To record cost of books sold) Accounts Payable timentory Accounts Pavable. Inventoiy (To record sale of bools on acosunt) Cont of Gooh Sold imentory (To record cout of merchandice sold) Acoourns Recelvable (To record sale of books on account) (To record cost of books sold) (To record credit granted to General Bookstore for retumed goods) Question 2 of 3 1.78/3 (To reood cost of bockes vold) (To rooord oeit granted to Gencal Bosksture for returned goods) (To recod cost of books returned) eTextbook and Media Solution List of Accounts