SwiftyBook Warehouse Ltd. distributes hardcover books to retail stores. At the end of May,Swifty's inventory consists of270books purchased at $17each.Swiftyuses a perpetual inventory system.

During the month of June, the following merchandise transactions occurred:

June

1Purchased170books on account for $15each from Reader's World Publishers, terms n/45.

3Sold240books on account to The Book Nook for $25each, with an assumed average cost of $16, terms 2/10, n/45.

5Received a $150credit for10books returned to Reader's World Publishers.

8Sold80books on account to Read-A-Lot Bookstore for $24each, with an assumed average cost of $16, terms 2/10, n/45.

9Issued a $312credit memorandum to Read-A-Lot Bookstore for the return of13damaged books. The books were determined to be no longer saleable and were destroyed.11Purchased130books on account for $16each from Read More Publishers, terms n/45.

12Received payment in full from The Book Nook.

17 Received payment in full from Read-A-Lot Bookstore.22Sold125books on account to Reader's Bookstore for $26each, with an assumed average cost of $16, terms 2/10, n/45.

25 Granted Reader's Bookstore a $416credit for16returned books. These books were restored to inventory.

29 Paid Reader's World Publishers in full.

Record the June transactions.