Problem 5-1 (Video) Crane's Book Warehouse distributes hardcover books to retail stores and extends credit terms of 1/10, 1/2 to all of its customers. At the end of May, Cranes invertory consisted of hooks purchased for $1.000. During June, the following merchandising transactions occurred. June Purchased books on account for $1,800 from Binsfeld Publishers, Fos destination, terms 2/10, 1/30. The appropriate party also made a cash payment of $50 for the freight on this date. 3 Sold books on account to Reading Rainbow for $3,000. The cost of the books sold was $1.500 6 Received $100 credit for books returned to Binsfeld Publishers. Paldinsfeld Publishers in full, les discount 15 Received payment in full from Reading Rainbow 17 Sold books on account to Rapp Books for $2.400. The cost of the looks sold was $1.10. 20 Purchased books on account for $2.400 from McGinn Publishers, Foe destination, terms 1/15, W30. The appropriate party also made a cash payment of 360 for the fricht on this date. 24 Received payment in full from Rapp Books 26 Pald McGine Publishers in full, les discount 28 Sold books on account to Baten Bookstore for $1,400. The cost of the books sold was 3970 30 Granted Baten Bookstore $130 credit for books returned costing $78 Crane's Book Warehouse's chart of accounts includes the following: No. 101 Cash, No. 112 Accounts Receivable, No. 120 mnventory. No 201 Accounts Payable, No. 401 Sales Revenue, No. 112 Sales Returns and Allowances, No414 Sales Discounts, and No. 505 Cost of Good Sold Journalize the transactions for the month of June for Crane's Book Warehouse in perpetual inventory item. (Credit accoon titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problemi Date Account Titles and Explanation Debit Credit ch OR 40 10:00 PM VI cop brise and