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Kindle 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

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Kindle 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 2 Purchased books on account for $2,100 (including freight) from Brooks Publishers, terms 2/10, n/30. June 4 Sold books on account to the Mission Viejo bookstore for $770. The cost of the merchandise sold was $520. terms of 2/10, n/30 June 6 Received $65 credit for books returned to Brooks Publishers. June 9 Paid Brooks Publishers in full. June 15 Received payment in full from the Mission Viejo bookstore. June 20 Sold books on account to Book Nook for $830. The cost of the merchandise sold was $680. Instructions Journalize the transactions for the month of June for Kindle, using a perpetual inventory system

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