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Problem 5-02A Crane Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, 1/30 to all of its customers. During the month
Problem 5-02A Crane Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, 1/30 to all of its customers. During the month of June, the following merchandising transactions Curred. June 1 Purchased books on account for $2.500 (including freight) from Catin Publishers, terms 2/10, 1/30 3 Sold books on account to Garfunkel Bookstore for $1,100. The cost of the merchandise sold was $850. 6 Received 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 $1,150. The cost of the merchandise sold was $950. 20 Purchased books on account for $700 from Priceless Book Publishers, terms 3/15, 1/30 24 Received payment in from Bell Tower 26 Paid Priceless Book Publishers in 28 Sold books on account to General Bookstore for $1,150. The cost of the merchandise sold was $750 30 Granted General Bookstore $170 for books returned costing $30. Joure the transactions for the month of June for Crane Warehouse nga perpetuamentary system (no try is required, select "No Entry for the account tities and enter for 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.) FileyPLUS Kimmel, Financial Accounting, se BONNENT RESOURCES wam.Scam - S MacBook Air ZA /s/PFIGHTIK MU ev PLUS Kimmel, Financial Accounting, 9e - 5 Homework (To record sale of books on account) Results by the (To record cost of merchandise sold) (to record sale of books on account (To record cost of books (To record credit granted to General Bookstore for med goods (10 record cost of books NE MacBook Air
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