Mistakes are shown clearly. Need these to be corrected. no copy paste work.
Crane Warehouse 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 1 Purchased books on account for $2,580 (including freight) from Catlin Publishers, terms 2/10,n/30. 3 Sold books on account to Garfunkel Bookstore for $1,100. The cost of the merchandise sold was $850. 6 Received $80 credit for books returned to Catlin Publishers. 9 Paid Catlin Publishers in full. 15 Received payment in full from Garfunkel Bookstore. 17 Sold books on account to Bell Tower for $1,150. The cost of the merchandise sold was $950. 20 Purchased books on account for $700 from Priceless Book Publishers, terms 3/15,n/30. 24 Received payment in full from Bell Tower. 26 Paid Priceless Book Publishers in full. 28 Sold books on account to General Bookstore for $1,150. The cost of the merchandise sold was $760. 30 Granted General Bookstore $170 credit for books returned costing $30. Journalize the transactions for the month of June for Crane Warehouse, using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) June 6 Accounts Payable Inventory Accounts Payable 2500 June 15 Cash Accounts Receivable June 17 Accounts Receivable 1150 Sales Revenue 1150 (To record sale of books on account) June 17 Cost of Goods Sold Inventory (To record cost of merchandise sold) 23 Accounts Receivable 1150 Accounts Payable Cash \begin{tabular}{|} \\ \\ \hline \end{tabular} Inventory June 26 Accounts Payable Cash Inventory June 28 Accounts Receivable 1150 Sales Revenue (To record sale of books on account) 760 Inventory (To record cost of books sold) June 30 Sales Returns and Allowances 170 Accounts Receivable Sales Returns and Allowances \begin{tabular}{|} 170 \\ \hline \end{tabular} Accounts Receivable (To record credit granted to General Bookstore for returned goods) (To record cost of books returned)
