Swifty Book Warehouse Ltd. distributes hardcover books to retail stores. At the end of May, Swifty's inventory consists of 270 books purchased at $17 each. Swifty uses a perpetual inventory system. Return rates in the book industry are high, with Swifty experiencing a 15% return rate historically. During the month of June, the following merchandise transactions occurred: June 1 Purchased 170 books on account for $15 each from Reader's World Publishers, terms n/45. 3 Sold 240 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 9 11 Sold 72 books on account to Read-A-Lot Bookstore for $27 each, with an assumed average cost of $16, terms n/45. Issued a $351 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. 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. 22222 25 Sold 125 books on account to Reader's Bookstore for $26 each, with an assumed average cost of $16, terms n/45. Granted Reader's Bookstore a $416 credit for 16 returned books. These books were restored to inventory. 29 Paid Reader's World Publishers in full. Record the June transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round your answers to O decimal places, eg. 5,275.) Date Account Titles and Explanation June 1 June 3 June 3 (To record sales) Debit Credit June 5 (To record cost of goods sold) June 8 June 8 (To record sales) June 9 June 9 June 11 June 11 June 12 June 17 June 171 June 22 June 22 v (To record sales) (To record cost of goods sold) (To record sales returns) (To record cost of goods returned)