PowellWarehouse distributes hardback books to retail stores and extends credit terms of2/10, n/30 to all of its customers. During the month of June, the following merchandising transactions occurred.

June 1Purchased books on account for $1,040(including freight) from Catlin Publishers, terms2/10, n/30.3Sold books on account to Garfunkel Bookstore for $1,200. The cost of the merchandise sold was $720.6Received $40credit for books returned to Catlin Publishers.9Paid Catlin Publishers in full.15Received payment in full from Garfunkel Bookstore.17Sold books on account to Bell Tower for $1,200. The cost of the merchandise sold was $730.20Purchased books on account for $720from Priceless Book Publishers, terms1/15, n/30.24Received payment in full from Bell Tower.26Paid Priceless Book Publishers in full.28Sold books on account to General Bookstore for $1,300. The cost of the merchandise sold was $780.30Granted General Bookstore $130credit for books returned costing $80.

Journalize the transactions for the month of June forPowellWarehouse, using a perpetual inventory system.