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Ivanhoe Warehouse distributes hardback books to retail stores and extends credit terms of 2/10,n/30 to all of its customers. During the month of June, the

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Ivanhoe Warehouse distributes hardback books to retail stores and extends credit terms of 2/10,n/30 to all of its customers. During the month of June, the following merchandising transactions occurred. June 1 Purchased books on account for $1,855 (including freight) from Catiin Publishers, terms 2/10,n/30. 3 Sold books on account to Garfunkel Bookstore for $1,100. The cost of the merchandise sold was $750, 6 Recelved $55 credit for books returned to Catlin Publishers. 9 Paid Catlin Publishers in full. 15 Received payment in full from Garfunkel Bookstore. 17 Sold books on account to Bell Tower for $1.450. The cost of the merchandise sold was $700. 20. Purchased books on account for 5900 from Priceless Book Publishers, terms 1/15,n/30, 24 Recelved payment in full from Bell Tower. 26 Paid Priceless Book Publishers in full 28. Sold books on account to General teog store for 52.050 . The cost of the merchandise sold was 5970 . 30. Granted General Bookstore $240 credit for books returned costing $70 Journalize the transactions for the month of June for Ivanhoe Warehouse, using a perpetual inventory system (if no entry is nequired, seiect "No Entry" for the account titles and enter O for the amounts Credit account tities are outomoticaily inderited when amount is entered. Do not indent manually. Riecond joumal entries in the order presented in the problem. List all debit entries before credit entries) Ivanhoe Warehouse distributes hardback books to retail stores and extends credit terms of 2/10,n/30 to all of its customers. During the month of June, the following merchandising transactions occurred June 1 Purchased books on account for $1,855 (including freight) from Catlin Publishers, terms 2/10,n/30 3 Sold books on account to Garfunkel Bookstore for $1,100. The cost of the merchandise sold was $750 6. Received $55 credit for books retumed to Cotlin Publishers. 9. Paid Catlin Publishers in fult 15 Received payment in futl from Garfunkel Bookstore. 17 Sold books on account to Beli Tower for $1.450, the cost of the merchandise fold was $700. 20 Purchased books on accoubt for $900 from Priceless Book Publishers terms 1/15,n/30 24 Received payment in full from Besl Towee. 26 Pald Priceless Book Publishers intult 28 Sold books on account to General Bookstore for $2.050. The cost of the merchandise sold was 3970. 30 Granted General Bookstore $240 credit for books returned costing $70

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