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Martinat's Warehouse distributes hardback books to retail stores and extends credit terms of 2 1 0 , n 3 0 to all of its customars.
Martinat's Warehouse distributes hardback books to retail stores and extends credit terms of to all of its customars.
During the month of June, the following merchandising transactions occurred.
June Purchased bools an account for $ from Catlin Publishars, tarms
Sald books on account to Garfunkle Boolstors for $ The cost of the books sold was $
Receivad $ credit for books returnad to Catlin Publishers.
Paid Catlin Publishars in full.
Receivad payment in full from Garfunkle Bookstore.
Sold bools on account to Ball Tower for $ The cost of the marchandise sold was $
Purchased books an account for $ from Pricalass Book Publishers, terms
Receivad paymant in full from Ball Towar.
Paid Pricaless Roak Publishars in full.
Sold booiks on account to General Bookstore for $ The coat of the marchandise sold was $
Granted Genaral Bookstore $ oredit for books returnad coating $
Journalize the transactions for the month of June for Martinez Warshouse using a perpatual inventory system. Credit account titles are
outomatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and
enter for the amounts. Recard journal entries in the ander presented in the problem.
Date
Account Titles and Explanation
Debit
Credit
To record crebit sale
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