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PLUS Assessment to accompany Hoggett, Accounting, 10e Help | System Announcements en Assignment PRINTER VERSION SOURCES Question 4 The Reading Warehouse distributes hardback books to retail stores and extends credit terms of 2/7, n/30 to all of its customers. During the month of June the following Inventory transactions occurred June 2 Purchased 130 books on account for $6 each (Including freight) from Reader's World Publishers, terms 1/7, n/30. Also made a cash payment to Classic Couriers of $60 for the freight on this date. 3 Sold 140 books on account to the Book Nook for $12 each. 10 books returned to Reader's World Publishers, Received $60 credit. 9 Paid Reader's World Publishers the amount owning. 15 Received payment in full from the Book Nook. 17 Sold 120 books on account to Read-A-Lot Bookstore for $12 each. 20 Purchased 120 books on account for $6 each from Read More Publishers, terms 2/7, n/30. 24 Received payment of account from Read-A-Lot Bookstore. 26 Paid Read More Publishers the amount owning. 28 Sold 110 books on account to Readers Bookstore for $12 each. 30 Granted Readers Bookstore $160 credit for 15 books returned costing $90. The books were returned to Inventory. Journaliss the transactions for the month of June for Reading Warehouse, using a perpetual inventory system. Assume the cost of each book sold was $5. (For multiple debit/ credit entries, list accounts in order of magnitude. Enter all debit entries first, followed by all credit entries, Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round all answers to 0 decimal places.) Particulars Debit Credit 2 JuneOpen Assignment TIMER PRINTER VERSI RESOURCES Date AL Particulars Debit Credit 2 June (To record the purchase.) (To record the cost of freight. ) 3 June (To record the sale.) (To record the cost of inventory.) 6 June T 9 June lohits Reserved. A Division of John Wiley & Sons, Inc.Announcements en Assignment TIMER OURCES 9 June PHINTER VERSION NEXT 15 June 17 June (To record the sale.) (To record the cost of inventory.) 20 June 24 June Version 4 24: 19 4 t | Privaty Policy | 0 2000-2020 John Wiley 5 Sons, Inc. All Rights Reserved, A Division of John Wiley & Sons, Inc.moment gnment > Open Assignment IGNMENT RESOURCES PRINTRA VERSION CYILL FINAL 24 June AMINATION Quitstion Question 2 Canostion 3 Questions 26 June Question 6 Question Question E view Score 25 June (To record the sale.) [To record the cost of inventory.) 30 June (To record the credit for returned inventory.) Version 4.2 that Agreenight | Privacy Policy. | 2 2000-2020 John Wiley & Sons. Inc. All Rights Reserved. A Division of John Wiley B. Song, Inc
