Sheffield Book Warehouse Ltd. distributes hardcover books to retail stores. At the end of May, Sheffield's inventory consists of 230 books purchased at $17 each. Sheffield uses a perpetual inventory system. Return rates in the book industry are high, with $ sheffield experiencing a 15% return rate historically. During the month of June, the following merchandise transactions occurred: June 1 Purchased 160 books on account for $1 Weach from Reader's World Publishers, terms n/45. 3 Sold 220 books on account to The Book Nook for $25 each, with an assumed average cost of $16, terms N/45. 5 Received a $150 credit for 10 books returned to Reader's World Publishers. 8 Sold 81 books on account to Read-A-Lot Bookstore for $25 each, with an assumed average cost of $16 terms n/45. 9. Issued a $300 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. 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. 17 Received payment in full from Read-A-Lot Bookstore. 22 Sold 125 books on account to Reader's Bookstore for $23 each, with an assumed average cost of $16, terms n/45. 25 Granted Reader's Bookstore a $322 credit for 14 returned books. These books were restored to inveritory. 29 Paid Reader's World Publishers in full. b) Record the June transactions: (List all debit entries before credit entries Credit occount titles are automatically indentad when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tilles and enter ofor the ambuits Round your answers to 0 decimal places, es. 5.275