Pharoah Warehouse distributes hardback books to retail stores and extends credit terms of 4/10,n/30 to all of its customers. During the month of June, the following merchandising transactions occurred. June 1 Purchased books on account for $1,155 (including freight) from Catlin Publishers, terms 4/10, n/30. 3 Sold books on account to Garfunkel Bookstore for $1,000. The cost of the merchandise sold was $700. 6 Received $55 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 $1,200, terms of 4/10,n/30. The cost of the merchandise sold was $900. 20 Purchased books on account for $700 from Priceless Book Publishers, terms 1/15,n/30. 24 Recelved payment in full, less discount from Bell Tower. 26 Paid Priceless Book Publishers in full. 28 Sold books on account to General Bookstore for $2,500. The cost of the merchandise sold was $750. 30 Granted General Bookstore $150 credit for books returned costing $55