Culver Book Warehouse Ltd. distributes hardcover books to retail stores. At the end of May, Culver's inventory consists of 230 books purchased at $18 each. Culver uses a perpetual inventory system. Return rates in the book industry are high, with Culver experiencing a 15% return rate historically. During the month of June, the following merchandise transactions occurred: June 1 Purchased 200 books on account for \$16 each from Reader's World Publishers, terms n/45. 3 Sold 200 books on account to The Book Nook for $25 each, with an assumed average cost of $17, terms n/45. 5 Received a $176 credit for 11 books returned to Reader's World Publishers. 8 Sold 86 books on account to Read-A-Lot Bookstore for $26 each, with an assumed average cost of $17, terms n/45. 9 Issued a $338 credit memorandum to Read-A-Lot Bookstore for the return of 13 damaged books. The books were determined to be no longer saleable and were destroyed. 11 Purchased 130 books on account for $14 each from Read More Publishers, terms n/45. 12 Received payment in full from The Book Nook. 17 Received payment in full from Read-A-Lot Bookstore. 22 Sold 125 books on account to Reader's Bookstore for $26 each, with an assumed average cost of $17, terms n/45. 25 Granted Reader's Bookstore a $416 credit for 16 returned books. These books were restored to inventory. 29 Paid Reader's World Publishers in full. Record the June transactions. (List all debit entries before credit entries. Credit account titles are dutomatically indented when the amount is entered. Do not indent manuallk If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round vour answers to 0 decimal places. e.r. 5.275.l Cash Accounts Payable casg Accounts Receivable Accounts Receivable Refund Liability Sales (To record sales) Cost of Goods Sold Estimated Inventory Returns Inventory (To record cost of goods sold) Refund Liability Accounts Receivable (To record sales returns) Inventory Estimated Inventory Returns (To record cost of goods returned) Accounts Payable Cash