Sarasota Book Warehouse Ltd. distributes hardcover books to retail stores. At the end of May, Sarasota's inventory consists of 240 books purchased at $19 each. Sarasota uses a perpetual inventory system. During the month of June, the following merchandise transactions occurred: June 1 Purchased 170 books on account for $17 each from Reader's World Publishers, terms n/45 Sold 200 books on account to The Book Nook for $ 25 each, with an assumed average cost of $ 18, terms 2/10, n/45. Received a $ 153 credit for 9 books returned to Reader's World Publishers. Sold 90 books on account to Read-A-Lot Bookstore for $21 each, with an assumed average cost of $ 18, terms 2/10, n/45 Issued a $ 252 credit memorandum to Read-A-Lot Bookstore for the return of 12 damaged books. The books were determined to be no longer saleable and were destroyed Purchased 130 books on account for $16 each from Read More Publishers, terms n/45 Received payment in full from The Book Nook. Received payment in full from Read-A-Lot Bookstore. Sold 125 books on account to Reader's Bookstore for $25 each, with an assumed average cost of $18, terms 2/10, n/45 Granted Reader's Bookstore a $ 350 credit for 14 returned books. These books were restored to inventory 3 5 8 9 11 12 17 22 25 29 Paid Reader's World Publishers in full