Culvers Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, n/30 to all its customers. During the month of June, the following merchandising transactions occurred.

Journalize the transactions for the month of June for Culver Warehouse using a perpetual inventory system.

Culver's Warehouse distributes hardback books to retail stores and extends credit terms of 2/10,n/30 to all of its customers. During the month of June, the following merchandising transactions occurred. June 1 Purchased books on account for $1,060 from Catlin Publishers, terms 2/10, n/30. 3 Sold books on account to Garfunkle Bookstore for $1,120. The cost of the books sold was $760. 6 Received $60 credit for books returned to Catlin Publishers. 9 Paid Catlin Publishers in full. 15 Received payment in full from Garfunkle Bookstore. 17 Sold books on account to Bell Tower for $1,300. The cost of the merchandise sold was $770. 20 Purchased books on account for $700 from Priceless Book Publishers, terms 1/15, 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 $1,270. The cost of the merchandise sold was $840. 30 Granted General Bookstore $140 credit for books returned costing $80. ournalize the transactions for the month of June for Culver Warehouse using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not ndent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) \begin{tabular}{|c|c|c|c|} \hline \multirow[t]{3}{*}{ June 90} & Accounts Payable & 1000 & \\ \hline & Inventory & & 20 \\ \hline & Cash & & 980 \\ \hline \multirow{2}{*}{ June 15 A } & Cash & 1120 & \\ \hline & Accounts Receivable & & 1120 \\ \hline \multirow[t]{3}{*}{ June 17} & Accounts Receivable & 1300 & \\ \hline & Sales Revenue & & 1300 \\ \hline & (To record credit sale) & & \\ \hline \multirow[t]{3}{*}{ June 17A} & Cost of Goods Sold & 770 & \\ \hline & Inventory & & 770 \\ \hline & (To record cost of merchandise sold) & & \\ \hline \multirow[t]{2}{*}{ June 200} & Inventory & 700 & \\ \hline & Accounts Payable & & 700 \\ \hline \end{tabular} June 24 June 26 Accounts Payable Inventory Cash (To record credit sale) (To record cost of merchandise sold) (To record merchandise returned) (To record cost of merchandise returned)