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Current Attems In Progress Pharcan Werehouse darbutas hardcock books to retailers and extends credit terms of 2/10,30 all of its customers. During the month of
Current Attems In Progress Pharcan Werehouse darbutas hardcock books to retailers and extends credit terms of 2/10,30 all of its customers. During the month of Jane the following merchandlingernections occurred. une 15 Purchased booka on account for $2.490 lindudirgiraight from Catlln Publlaer terme 2/10, 1/30. Sold book on account to Garankel Bookcatore for $1.300. The cost of the merchandise sold 900. Received $90 credit for books returned to all Publishers Peld Catlin Publin All Received payment in call from Carunkel Bociatore Sold booka on account to Bell Tower for $1,400. The cost of the merchandlas sold wea 5800 Purchased books on account for $200 crom Prical Book Publler, terma 2/15, 30. Received payment in call from Bell Tower Peld Priceless Book Pubergin Il Sold book on account to General Bocatore for $2,650. The cost of the merchandise sold 5350 Cranited General Bookstore $250 credit for booka returned coating $90. 25 Joumalize the transactions for the month of June for Pharoah Warehouse, using a perpetual Inventory ayam.no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when amount is entered Do not indent manually Record journal entries in the order presented in the probleme Date Account Titles and Explanation Debit Credit June 2 Inventory 2470 Accounts Payable June Accounts Receivable Sala Raven (To record sale of books on account) Coat of Good Sole June 2 900 Inventory To record cost of books sold) Cont Geode Sole June V Inventory V Acounts Payabia Inventory June 25 V Account Rever June 17 Account Receivable Sales Revenue (To record sale of books on account) Coat of Good Sold Jure June 20 > (To record cost of merchandise sold) Inventory Accounts Payable Sales Decounts Accounts Receivable Account Payable Inventory V Account Revale Sal Revenue To record sale of books on account) Coat of Good Sole June 25 June 20 Inventory To record cost of books sold) Sale Return and Anne Account Resive (To record credit granted to General Bookstore for returned goods) Inventory June 20 Coat of Good Sole (To remrd act of books retumed
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