journalize the transactions for the month of June for Ayayai Warehouse using a perpetual inventory system.

Ayayai's Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, 1/30 to all of its customers. During the month of June, the following merchandising transactions occurred. June 1 3 6 9 15 17 Purchased books on account for $1,020 from Catlin Publishers, terris 2/10,1/30. Sold books on account to Garfunkle Bookstore for $1,190. The cost of the books sold was $770. Received $20 credit for books returned to Catlin Publishers. Paid Catlin Publishers in full Received payment in full from Garfunkle Bookstore Sold books on account to Bell Tower for $1.200. The cost of the merchandise sold was $770. Purchased books on account for $700 from Priceless Book Publishers, terms 1/15, 1/30. Received payment in full from Bell Tower. Paid Priceless Book Publishers in full Sold books on account to General Bookstore for $1.280. The cost of the merchandise sold was $710. Granted General Bookstore $120 credit for books returned costing $80. 20 24 26 28 30