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Problem 5-02A Ivanhoe Warehouse distributes hardback books to retail stores and extends credit terms of 4/10, 1/30 to all of its customers. During the month

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Problem 5-02A Ivanhoe Warehouse distributes hardback books to retail stores and extends credit terms of 4/10, 1/30 to all of its customers. During the month of June, the following merchandising transactions occurred t June 1 3 6 9 15 17 20 24 26 28 30 Purchased books on account for $2,775 (including freight) from Catlin Publishers, terms 1/10, 1/30 Sold books on account to Garfunkel Bookstore for $900. The cost of the merchandise sold was 5000 Received $75 credit for books returned to Catlin Polishers. Paid Catlin Publishers in full Received payment in full from Garfunkel Bookstore Sold books on account to Bell Tower for $1,500, terms of 4/10, /30. The cost of the merchandise sold was 5800. Purchased books on account for $800 from Priceless Book Publishers, terms 3/15, n/30 Received payment in full, less discount from Bell Tower Paid Priceless Book Publishers in full Sold books on account to General Bookstore for $1,000. The cost of the merchandise sold was $800. Granted General Bookstore $290 credit for books returned costing 570. Journalize the transactions for the month of June for Ivanhoe Warehouse, using a perpetual inventory system. (If no entry is required, select "No Entry for the account tities and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record fournal entries in the order presented in the problem.) CALCULATOR FULL Date Account Titles and Explanation Debit Credit June 1 Inventory 2,775 Accounts Payable 2,775 June 3 Accounts Receivable 900 900 Sales Revenue (To record sale of books on account) Cost of Goods Sold June 3 800 Inventory (To record cost of books sold) 800 June 6 Accounts Payable 75 Inventory 75 June 9

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