Sheridan Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. During the month of June, the following merchandising transactions occurred. June 1 3 6 9 15 17 20 24 26 28 30 Purchased books on account for $1,690 (including freight) from Catlin Publishers, terms 2/10, n/30. Sold books on account to Garfunkel Bookstore for $1,400. The cost of the merchandise sold was $950. Received $90 credit for books returned to Catlin Publishers. Paid Catlin Publishers in full. Received payment in full from Garfunkel Bookstore. Sold books on account to Bell Tower for $1,700. The cost of the merchandise sold was $800. Purchased books on account for $800 from Priceless Book Publishers, terms 1/15, n/30. Received payment in full from Bell Tower. Paid Priceless Book Publishers in full. Sold books on account to General Bookstore for $2,550. The cost of the merchandise sold was $830. Granted General Bookstore $110 credit for books returned costing $60.

Sheridan Warehouse distributes hardback books to retail stores and extends credit terms of 2/10,n/30 to all of its customers. During the month of June, the following merchandising transactions occurred. June 1 Purchased books on account for $1,690 (including freight) from Catlin Publishers, terms 2/10,n/30, 3. Sold books on account to Garfunkel Bookstore for $1,400. The cost of the merchandise sold was $950. 6 Received $90 credit for books returned to Catlin Publishers. 9 Paid Catlin Publishers in full. 15 Received payment in full from Garfunkel Bookstore. 17 Sold books on account to Bell Tower for $1,700. The cost of the mercbandise sold was $800. 20 Purchased books on account for $800 from Priceless Book Publishers, terms 1/15, r/30. 24 Received payment in full from Bell Tower. 26 Paid Priceless Book Publishers in full. 28 Sold books on account to General Bookstore for $2,550. The cost of the merchandise sold was $830. 30 Granted General Bookstore $110 credit for books returned costing \$60