Excel P5.1A (LO 2, 3), AP Powell'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. 1 Purchased books on account for $1,040 Publishers, terms 2/10, n/30. 3 Sold books on account to Garfunkle Boo $1,200. The cost of the books sold was $ 6 Received $40 credit for books returned i Publishers. 9 Paid Catlin Publishers in full. 15 Received payment in full from Garfunkle 17 Sold books on account to Bell Tower for cost of the merchandise sold was $730. Purchased books on account for $800 fr Book Publishers, terms 1/15, n/30. 24 Received payment in full from Bell Towe Paid Priceless Book Publishers in full. 28 Sold books on account to General Books $1,300. The cost of the merchandise sok 30 Granted General Bookstore $130 credit returned costing $80. Instructions Journalize the transactions for the month of June for Powell's Warehouse using a perpetual inventory system. Journalize, post, and prepare a partial income statement. 20 26 Excel P5.1A (LO 2, 3), AP Powell'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. sed books on account for $1,040 from Catlin ers, terms 2/10, n/30. oks on account to Garfunkle Bookstore for The cost of the books sold was $720. d $40 credit for books returned to Catlin ers. tlin Publishers in full. d payment in full from Garfunkle Bookstore. oks on account to Bell Tower for $1,200. The the merchandise sold was $730. sed books on account for $800 from Priceless ublishers, terms 1/15, n/30. d payment in full from Bell Tower. iceless Book Publishers in full. oks on account to General Bookstore for The cost of the merchandise sold was $780. 1 General Bookstore $130 credit for books d costing $80. Instructions Journalize the transactions for the month of June for Powell's Warehouse using a perpetual inventory system. Journalize, post, and prepare a partial income statement