Grouper Book Warehouse Ltd. distributes hardcover books to retail stores. At the end of May, Groupers inventory consists of 230 books purchased at $17 each. Grouper uses a perpetual inventory system. Return rates in the book industry are high, with Grouper experiencing a 15% return rate historically. During the month of June, the following merchandise transactions occurred:

June	1		Purchased 170 books on account for $15 each from Readers World Publishers, terms n/45.
	3		Sold 200 books on account to The Book Nook for $25 each, with an assumed average cost of $16, terms n/45.
	5		Received a $150 credit for 10 books returned to Readers World Publishers.
	8		Sold 78 books on account to Read-A-Lot Bookstore for $25 each, with an assumed average cost of $16, terms n/45.
	9		Issued a $300 credit memorandum to Read-A-Lot Bookstore for the return of 12 damaged books. The books were determined to be no longer saleable and were destroyed.
	11		Purchased 130 books on account for $16 each from Read More Publishers, terms n/45.
	12		Received payment in full from The Book Nook.
	17		Received payment in full from Read-A-Lot Bookstore.
	22		Sold 125 books on account to Readers Bookstore for $27 each, with an assumed average cost of $16, terms n/45.
	25		Granted Readers Bookstore a $378 credit for 14 returned books. These books were restored to inventory.
	29		Paid Readers World Publishers in full.

Record the June transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round your answers to decimal places, eg 5.275.) Date Account Titles and Explanation Mode Debit Credit June 1 Inventory 2550 Accounts Payable UTTON 2 June 3 Accounts Recevable 5000 Sales SC Resuar mew mome med features an w Smp ket or the shortcut Windows logo ke (To record sales) June 3 Cost of Goods Sold 3200 Inventory 32 To record cost of goods sold) DOO OO!. Il! lOdO June 5 Accounts Payable Inventory June 8 Accounts Recevable 1950 Sales (To record sales) June 8 Cost of Goods Sold Administrative Expenses (To record cost of goods sold) June 9 loss of good Expenses 300 Accounts Receivable Accounts Payable 12 V Cash 5000 Accounts Receivable lune 17 Cash 1650 Accounts Recelvable IN Lune 22 Accounts Recelvable 3375 Sales FRI June 22 V Cost of Goods Sold Inventory (To record sales) bine 25 Sales Returns and Allowances Accounts Recevable To record cost of goods sold) I! DO 1! 10! 10! June 25 Inventory Cost of Goods Sold (To record sales returns) (To record cost of goods returned) June 29 Accounts Payable Cash