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Goldenrod Warehouse distributes hardback books to retail storesand extends credit terms of 1/10, n/30 to all of its customers.During the month of June the following

Goldenrod Warehouse distributes hardback books to retail storesand extends credit terms of 1/10, n/30 to all of its customers.During the month of June the following merchandising transactionsoccurred.

June1 Purchased books on account for $760 (includingfreight) from Barnum Publishers, terms 3/10, n/30.
3 Sold books on account to the Flint Hills Bookstorefor $1,760. The cost of the merchandise sold was $550.
6 Received $60 credit for books returned to BarnumPublishers.
9 Paid Barnum Publishers in full.
15 Received payment in full from the Flint HillsBookstore.
17 Sold books on account to Town Crier Bookstore for$2,176. The cost of the merchandise sold was $680.
20 Purchased books on account for $580 from Good BookPublishers, terms 2/15, n/30.
24 Received payment in full from Town CrierBookstore.
26 Paid Good Book Publishers in full.
28 Sold books on account to HomeTown Bookstore for$2,144. The cost of the merchandise sold was $670.
30 Granted HomeTown Bookstore $256 credit for 16books returned costing $80.

Journalize the transactions for the month of June for GoldenrodWarehouse, using a perpetual inventory system.

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