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PS-1A jovrnolize purchose and sales tronsoctions under a perpetual inventory system Powell's Warehouse distributes hardcover books to retail stores and extend credit terms of 2/10,n/30

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PS-1A jovrnolize purchose and sales tronsoctions under a perpetual inventory system Powell's Warehouse distributes hardcover books to retail stores and extend credit terms of 2/10,n/30 to al of its customers. During lune, the following merchandising transactions occurred. June 1 Purchased books on account for $1,050 from Catlin Publishers, terms 2/10, A/30. The appropriate party also made a cash payment of $50 for the freight on this date. 3 Sold books on account to Garfunkle Bookstore for 51,200 . The cost of the bocks sold was 5720. 6 Received $40 credit for books returned to Catin Publishers. 9 Paid Catlin Publishers in full. 15 Recelved payment in full from Garfunke Bookstore. Sold books on account to Bell Tower for $1,200. The cost of the merchandise sold was 5730 . Purchased books on account for $800 from Priceless Book Publishers, terms 1/15n/30. Received payment in full from Bell Tower. Paid Priceless Book Publishers in full. Sold books on account to General Bookstore for $1,300. The cost of the books sold was 5730 . Granted General Bookstore $130 credit for books returned costing $80. Instructions Journalize the transactions for the month of June for Poweils Warehouse using a perpetual inventory system. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a

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