Cullumber's Book Warehouse distributes hardback books to retail stores and extends credit terms of 1/10,1/30 to all of its customer s During the month of June, the following merchandising transactions occurred. Jane 1 Purchased books on account for $1,400 from Binsfeld Publishers, terms 2/10,n/30. 3. Sold books on account to Reading Rainbow for $2,300. The cost of the books sold was $1,600. 6 Received $200 credit for books returned to Binsteld Publishers. 9 Paid 8 insteld Poblinhers in full 15. Received pmwinent in full from Reading Rainbow. 17 Sold books on account to Rapp tlook for $2.100 The cost of the merchandese sold was $1.260 20 Purchked books on account for $2.100 from MaCiin Publiahers, terms 1/15, N/30 24 Received pawment in full from Rapp Books. 26 Paid McGinn Publishers in fult. 28 Sold books on account to Baeten Hookstore for $1,400. The cost of the merchandise sold was $970. 30. Granted Baeten Bookstore $160 credit for books returned costing $96. 1. February 28 2. March 10 3. March 31 Date Account ritles and Explanation Debit Credit (To reinstate an account previously written off) (fo record collection of payment)