Problem 5-01A (Video) Wildhorse's Bock 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, Wildhorse's inventory consisted of books purchased for $1,900. During June, the following merchandising transactions occurred. June 1Purchased books on account for $1.500 from infeld Publishers, ron destination terms 2/10 30. The appropriate party also made a cash payment of $60 for the freight on this date. 3 Sold books on account to Reading Rainbow for $2.500. The cost of the books sold was $1,800 6 Received $100 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 on account to Rapp Books for $1,700. The cost of the books sold was $1,020, 20 Purchased books on account for $1.200 from McGinn Publishers, FOB destination, terms 2/15, 1/30, The appropriate party also made a cash payment of $60 for the freight on 24 Received payment in full from Rapp Books 26 Paid Mein Publishers in full scount 28 Sold books on account to Banten Bookstore for $1,300. The cost of the books sold was $970 30 Granted Baten Bookstore $150 credit for books returned costing 100 Wildhorse's Book Warehouse's chart of accounts includes the following: No. 101 Cash, No. 112 Accounts Receivable, No. 120 Inventory, No. 201 Accounts Payable, No. 401 Sales Revenue, NO. 412 Sales Returns and Allowances, No. 414 Sales Discounts and N 505 Cost of Goods Sold Journalize the transactions for the month of June for Wildhorse's Book Warehouse using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal enters in the order presented in the proWem.) Credit Debit Date Account Titles and Explanation (To record credit sale) (To record cost of merchandise sold) eo (To record credit sale) (To record cost of merchandise sold) (To record credit sale) (To record cost of merchandise sold) (To record merchandise returned) (To record cost of merchandise returned)