Martinez Book Warehouse Ltd. distributes hardcover books to retail stores. At the end of May, Martinezs inventory consists of 250 books purchased at $17 each. Martinez uses a perpetual inventory system. Return rates in the book industry are high, with Martinez experiencing a 15% return rate historically. During the month of June, the following merchandise transactions occurred:

June	1		Purchased 180 books on account for $15 each from Readers World Publishers, terms n/45.
	3		Sold 200 books on account to The Book Nook for $25 each, with an assumed average cost of $16, terms n/45.
	5		Received a $150 credit for 10 books returned to Readers World Publishers.
	8		Sold 76 books on account to Read-A-Lot Bookstore for $27 each, with an assumed average cost of $16, terms n/45.
	9		Issued a $297 credit memorandum to Read-A-Lot Bookstore for the return of 11 damaged books. The books were determined to be no longer saleable and were destroyed.
	11		Purchased 130 books on account for $16 each from Read More Publishers, terms n/45.
	12		Received payment in full from The Book Nook.
	17		Received payment in full from Read-A-Lot Bookstore.
	22		Sold 125 books on account to Readers Bookstore for $23 each, with an assumed average cost of $16, terms n/45.
	25		Granted Readers Bookstore a $368 credit for 16 returned books. These books were restored to inventory.
	29		Paid Readers World Publishers in full.

(b)

Record the June transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round your answers to 0 decimal places, e.g. 5,275.)

Date	Account Titles and Explanation	Debit	Credit
	(To record sales)
	(To record cost of goods sold)
	(To record sales)
	(To record cost of goods sold)
	(To record sales)
	(To record cost of goods sold)
	(To record sales returns)
	(To record cost of goods returned)

(d)