Question 10

Question 7 12.5 pts Riverbed's Warehouse distributes hardback books to retail stores and extends credit terms of 2/10 w/30 to all of its customers. During the month of June, the following merchandising transactions occurred June 1 Purchased books on account for $1,040 from Catin Publishers, terms 2/10, 1/30. Sold books on account to Gatunkle Bookstore for $1,100. The cost of the books June 3 sold was 5730 Junto Received 540 credit for books retumed to Catlin Publishers June Paid Catlin Publishers in fut June 15 Received payment in full from Garfunke Bookstore une 17 Sold books on account to Bell Tower for $1300. The cost of the merchandise sold was $800 cost and the street transactions A merevered. Type raccounts and put for a confonditude Journalize the transactions for the month of June for overbed Warehouse using a perpetual Inventory system Account Titles and Date Explanation Debit : Credits: Select 61 8/3 15 IS To record credit 3 Set To record of mechando 6/9 Select) Select Select Select Cash Select) 6/15 Select Select Select Select 6/17 Select Select Select Select) To record credit sales 6/17 Select Select Select Select To record cost of merchandise sold