P5.1 (LO 2, 3), AP Powell's 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. Purchased books on account for $1,040 from Catlin Publishers, terms 2/10, n/30. Received $40 credit for books returned to Catlin Publishers. June 1 3 Sold books on account to Garfunkle Bookstore for $1,200. The cost of the books sold was $720. 6 9 Paid Catlin Publishers in full. 15 Received payment in full from Garfunkle Bookstore. 17 20 Sold books on account to Bell Tower for $1,200. The cost of the merchandise sold was $730. Purchased books on account for $800 from Priceless Book Publishers, terms 1/15, n/30. Received payment in full from Bell Tower. 24 26 Paid Priceless Book Publishers in full. 28 30 Instructions Sold books on account to General Bookstore for $1,300. The cost of the merchandise sold was $780. Granted General Bookstore $130 credit for books returned costing $80. Journalize the transactions for the month of June for Powell's Warehouse using a perpetual inventory system. Journalize, post, and prepare a partial income statement.