Novak Warehouse distributes hardback books to retail stores and extends credit to all of its customers. During the month of June, the following merchandising transactions occurred. June 1 Purchased books on account for $2,580 from Catlin Publishers. 3 Sold books on account to Garfunkel Bookstore for $1,150. 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, 222 20 Purchased books on account for $850 from Priceless Book Publishers. 24 Received payment in full from Bell Tower. 28 2229 Paid Priceless Book Publishers in full. 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.