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June 6: Accounts Payable Imentory (To record credit sale) Jurve Accounts Payable (To recond cost of merchandise sold) Sune 15 : Accounts Payable Inventory Can

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June 6: Accounts Payable Imentory (To record credit sale) Jurve Accounts Payable (To recond cost of merchandise sold) Sune 15 : Accounts Payable Inventory Can hane 17 \% Cavi Accounts Receivatie (io fecord cedt satio) June 17 Cash Accounts Receivable (To record credit sale) June 17 : Accounts Receivable Sples (To record cost of merchandise sold) June 20 Cost of Goods Sold Imentory (To record merchandise retumed) June 30 Sales Returns and Allowances Accounts Receivabie (To record cost of merchandise returned) 'Crane's Book Warehouse distributes hardcover books to retail stores and extends credit terms of 2/10,n/30 to alfof its customers. At the end of Msy. Crane's imventory consisted of books purchased for $2,000. During fune, the following merchandising transactions occurred. June 3 Sold books on account to Reading Rainbow for $2,400. The cost of the books sold was $1,400. 15. Recelved pryment in full from Reading Rainbow 17 Sold books on account to Rapp Books for $2,000. The cost of the books sold was $1,200 24. Recelved payment in full from Rapp Books 28. Sold books on account to Bacten Bonkstore for $1,300. The cost of the books sold was $970. 30 Granted Bacten Bookstore $110 credit for books retlned costing $66 Journalize the transactions for the month of June for Cranes Book Warehouse using a perpetual imentory system. (Credit account titles are automotically indented when amount is entered. Do not indent manually. Recond journot entries in the order presented in the problem, If no entry is required, seleet 'No Entry for the account titles and enter o for the ameunts) Journalize the transactions for the month of June for Crane's Book Warehouse using a perpetual inventory system. (Credit account: tittes are automatically indented when amount is entered, Do not Indent manualfy. Record foumal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.)

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