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Ivanhoe Warehouse distributes hardback books to retail stores and extends credit terms of 4/10,n/30 to all of its customers. During the month of dune, the

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Ivanhoe Warehouse distributes hardback books to retail stores and extends credit terms of 4/10,n/30 to all of its customers. During the month of dune, the following merchandisingtransactions occurred, June 1 Purchased books on account for $2.775 (including freight) from Catlin Publishers, terms 4/10,n/30. 3. Sold books on account to Garfunkel Bookstore for $900. The cost of the merchandise sold was 5800 . Received $75 credit for books returned to Catiln Publishers. Paid Catlin Publishers in full. 15 Received payment in full from Garfunkel Bookstore. 17. Sold books on account to Bell Tower for $1,500. The cost of the merchandise sold wis $800. 20 Purchased books on account for $800 tram Priceless Hook Publishers, terms 3/15, n/30. 24. Received payment in full from Bell Tower. 26. Paid Priceless Book Publisters in full. 28. Sold books on account to Ceneral Bookstore for $1,000. The cost of the merchandise sold was $800. 30 Granted General Esokstore $290 credit for books returned costing $70 Journalize the transactions for the monthof June for ivanhoe Warehouse, using a perpetual inventory syctem, if no mity is requined. select "Ne Entry" for the ocoount titles and enter Ofor the amounts Credit account titles are outomatically indented when ainount is entersd

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