FIX BOXES IN RED

Martinez'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 3 6 9 15 17 Purchased books on account for $1,060 (including freight) from Catlin Publishers, terms 2/10, n/30. Sold books on account to Garfunkle Bookstore for $1,130. The cost of the books sold was $790. Received $60 credit for books returned to Catlin Publishers. Paid Catlin Publishers in full. Received payment in full from Garfunkle Bookstore. Sold books on account to Bell Tower for $1,000. The cost of the merchandise sold was $670. Purchased books on account for $740 from Priceless Book Publishers, terms 1/15, n/30. Received payment in full from Bell Tower. Paid Priceless Book Publishers in full. Sold books on account to General Bookstore for $1,370. The cost of the merchandise sold was $710. Granted General Bookstore $150 credit for books returned costing $90. 20 24 26 28 30 (To record cost of merchandise sold) June 6 Accounts Payable 60 Inventory 60 June 9 Accounts Payable 1000 Inventory 1000 Cash June 15 Cash 1130 Accounts Receivable 1130 June 17 Accounts Receivable 1000 Sales Revenue 1000 (To record credit sale) June 17 Cost of Goods Sold Inventory (To record cost of merchandise sold) June 20 Inventory 740 Accounts Payable 740 June 24 Cash Sales Discounts Accounts Receivable June 26 Accounts Payable 740 Inventory 740 Cash June 28 Accounts Receivable 1370 Sales Revenue 1370 (To record credit sale) (To record credit sale) June 28 Cost of Goods Sold 710 Inventory 710 (To record cost of merchandise sold) June 30 Sales Returns and Allowances 150 Accounts Receivable 150 (To record merchandise returned) June 30 Inventory 80 Cost of Goods Sold 80 (To record cost of merchandise returned)