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inventary Accounts paryate June 24 hocounts Recelvatite Sales Reveruet 1300 1300 Powells Warehouse distributes hardback books to retail stores and extends credit terms of 2/10,n/30 to all of its customers. During Jurve 1: Purchased books on account for $1,040 (including freight) from Catlin Publishers, terms 2/10,N/30. 6 Recelved 540 credit for books retumed to Catin Pubitshers. 9 Paid Catlin Publishers in fult 15. Receked pryment in fult from Garfunkle Bookstore: 17 Sold books on account to Bell Tower for $1,200. The cost of the merchandise sold was $730. 20 Purchased books on account for $800 from Priceless Book Publishers, terms 1/15, n/30. 24 Received navment in full from Bell Tower. 26 Paid Priceless Bock Publishers in full 28. Sold books on account to General Bookstore for $1,300. The cost of the merchandise sold was 5780 , 30 Granted General. Bookstore $130 eredit for books returned costine $80 Journalize the transactions for the month of June for Powell Warchouse using a perpetual inventory system. Fondit occount titler are. outomotically indented when amount is entered, Do not indent manualfy if no entry is required, select "No Entry" for the occount it ier and: (To record cost of merchandise sold) (To record merchandise returned) (To record cost of merchandise returned)