Swifty Book Warehouse Ltd. distributes hardcover books to retail stores. At the end of May, Swiftys 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 Readers 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 Readers World Publishers.
	8		Sold 72 books on account to Read-A-Lot Bookstore for $27 each, with an assumed average cost of $16, terms n/45.
	9		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.
	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 Readers Bookstore for $26 each, with an assumed average cost of $16, terms n/45.
	25		Granted Readers Bookstore a $416 credit for 16 returned books. These books were restored to inventory.
	29		Paid Readers 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 0 for the amounts. Round your answers to 0 decimal places, e.g. 5,275.)

Please replace the values in the textboxes with RED highlights as these are incorrect. Green means that values are correct and should not be replaced. Please follow the format/flow.

Date Account Titles and Explanation Debit Credit June 1 Inventory 2550 Accounts Payable 2550 June 3 Accounts Receivable 6000 Sales 5100 Refund Liability 900 (To record sales) June 3 Cost of Goods Sold 3264 Estimated Inventory Returns 576 Inventory 3840 (To record cost of goods sold) June 5 Accounts Payable 150 Inventory 150 June 8 Accounts Receivable 1944 Sales 1652 Refund Liability 292 (To record sales) June 8 Cost of Goods Sold 979 Estimated Inventory Returns 173 Inventory 1152 (To record cost of goods sold) June 9 Refund Liability 351 Accounts Receivable 351 June 11 Inventory 2080 Accounts Payable 2080 June 12 V Cash 6000 Accounts Receivable 6000 June 17 Cash 1593 Accounts Receivable 1593 June 22 Accounts Receivable 3250 Sales 2763 June 22 Cost of Goods Sold 1700 Estimated Inventory Returns 300 Inventory 2000 (To record sales) ) June 25 Refund Liability 416 Accounts Receivable 416 (To record cost of goods sold) June 25 Sales Returns and Allowances 416 Accounts Receivable 416 (To record sales returns) June 25 Inventory 256 Cost of Goods Sold 256 (To record cost of goods returned) June 29 Accounts Payable 2400 Cash 2400