record the june transaction

Flint Book Warehouse Ltd. distributes hardcover books to retail stores. At the end of May, Flint's inventory consists of 240 books purchased at $19 each. Flint uses a perpetual inventory system. Return rates in the book industry are high, with Flint experiencing a 15% return rate historically. During the month of June, the following merchandise transactions occurred: June 1 Purchased 160 books on account for $17 each from Reader's World Publishers, terms n/45. 3 Sold 250 books on account to The Book Nook for $25 each, with an assumed average cost of $18, terms n/45. 5 Received a $170 credit for 10 books returned to Reader's World Publishers. 8 Sold 75 books on account to Read-A-Lot Bookstore for $25 each, with an assumed average cost of $18, terms n/45. 9 Issued a $325 credit memorandum to Read-A-Lot Bookstore for the return of 13 damaged books. The books were determined to be no longer saleable and were destroyed. 11 Purchased 130 books on account for $16 each from Read More Publishers, terms n/45. 12 Received payment in full from The Book Nook. 17 Received payment in full from Read-A-Lot Bookstore. 22 Sold 125 books on account to Reader's Bookstore for $25 each, with an assumed average cost of $18, terms n/45. 25 Granted Reader's Bookstore a $400 credit for 16 returned books. These books were restored to inventory. 29 Paid Reader's World Publishers in full