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Powell 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,

Powell 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 $1,940 (including freight) from Catlin Publishers, terms 4/10, n/30.
3 Sold books on account to Garfunkel Bookstore for $1,450. The cost of the merchandise sold was $800.
6 Received $40 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 $1,450. The cost of the merchandise sold was $950.
20 Purchased books on account for $800 from Priceless Book Publishers, terms 2/15, n/30.
24 Received payment in full from Bell Tower.
26 Paid Priceless Book Publishers in full.
28 Sold books on account to General Bookstore for $1,600. The cost of the merchandise sold was $890.
30

Granted General Bookstore $100 credit for books returned costing $90.

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0 Ch 3.8 mua Make-up PX Canvas pasaules/courses/1101459/assignments/83936627module_item_id-11893827 !!! As Datbead Ch38 Gpx. User account CRL Tournalize the transactions for the month of June for Powell Warehouse, using a perpetual inventory system. (if no entry is required select "No Entry for the account titles and enter Ofor the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to decimal places eg. 15,222.) Date Account Tities and Explanation Debit Credit Account June 1 Dashboard Courses June GEOUS (To record credit sale) Calendar Inbox (To record cost of goods sold) Bookstore junes Library June 9 Tutoring Help June 15 June 17 (To record credit sale) Ch38 Groupwo...n Show all X Ch 3-Gmuswart Make-lippe x + Carvas pasaules/course/1101459/assignment/83936627module_item_id-11893827 !!! As Dalbad Ch38Gxk.. List OGRL Dashboard (To record cost of goods sold Course! L24 O Dostore 36 Library Turtoring Loretas y Help To record credit sale (To record cost of goods sold June 30 w 30 v (To record credit granted for returned goods) (To record cost of goods returned)

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