Pharoah's Book Warehouse distributes hardcover books to retail stores and extends credit terms of 2/10, 1/30 to all of its customers. At the end of May, Pharoah's inventory consisted of books purchased for $1,700. During Jure, the following merchandising transactions occurred. June 1 Purchased books on account for $1,900 from Binsfeld Publishers, FOB destination, terms 2/10, 1/30. The appropriate perty also made a cash payment of $50 for the freight on this date 3 Sold books on account to Reading Rainbow for $2,900. The cost of the books sold was $1,700. 6 Received $150 credit for books returned to Binsfeld Publishers. 9 Paid Binsfeld Publishers in full, less discount. 15 Received payment in full from Reading Rainbow 17 Sold books an account to Rapp Books for $2,100. The cost of the books selid was 51,200. 20 Purchased books on account for $2,100 from McGnn Publishers, FOB destination, torms 2/15, 1/30. The appropriate party also m. de a cash payment of $40 for the traght on the date 24 Received payment in full from Rapp Books 26 Paid Moin Publichers in full, les discount 28 Sold books on account to Beten Bookstore for $1,000. The cost of the books sold was $970 30 Grantec Joten Bookstore 5120 for books returned costing 572 Pharoah's Book Warehouse's chart of accounts includes the following: No. 101 Cash, No 112 Accounts Receivable, No. 120 Inventory,201 Acounts Payable, No 401 Sales Revenue No. 412 Sales Returns and Arowances, No 414 Sets Discounts, and NOSOS Cost of Goods Sold Joumate the transactions for the month of June for Pharoah's Book Warehouse in perpetuat inventory system (Credit account titles are automatically indented when