Pharoah Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, n/30 the month of June, the following merchandising transactions occurred. Purchased books on account for $2,490 (including freight) from Catlin Publishers, terms 2 Sold books on account to Garfunkel Bookstore for $1,300. The cost of the merchandise so Received $90 credit for books returned to Catlin Publishers. 9 Paid Catlin Publishers in full. June 1 15 17 20 3 6 24 Received payment in full from Garfunkel Bookstore. Sold books on account to Bell Tower for $1,400. The cost of the merchandise sold was $5 Purchased books on account for $800 from Priceless Book Publishers, terms 2/15, n/30 Received payment in full from Bell Tower.

Pharoah Warehouse distributes hardback books to retail stores and extends credit terms of 2/10,n/30 the month of June, the following merchandising transactions occurred. June 1 Purchased books on account for $2,490 (including freight) from Catlin Publishers, terms 2 3 Sold books on account to Garfunkel Bookstore for $1,300. The cost of the merchandise s 6 Received $90 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 $1,400. The cost of the merchandise sold was $ 20 Purchased books on account for $800 from Priceless Book Publishers, terms 2/15,n/3 24 Received payment in full from Bell Tower