TE View Policies Current Attempt in Progress Crane's Book Warehouse distributes hardcover books to retail stores and extends credit terms of 1/10, 1/30 to all of its cintomers. At the end of May. Crane's inventory consisted of books purchased for $1.500. During June, the following merchandising transactions occurred, June 1 3 6 9 15 17 20 Purchased books on account for $1.400 from Binsfeld Publishers, FOB destination terms 2/10, 1030. The appropriate party also made a cash payment of $50 for the freight on this date. Sold books on account to Reading Rainbow for $2,400. The cost of the books sold was $1.600 Received $150 credit for booles returned to Binsfeld Publishers Paid Binsfeld Publishers in full less discount Received payment in full from Reading Rainbow. Sold books on account to Rapp Books for $1.700. The cost of the books sold was $1,020, Purchased books on account for $1.700 from McGinn Publishers. Fon destination terms 1/15/30. The appropriate party also made a cash payment of $60 for the freight on this date Received payment in full from Rapp Books Paid McGinn Publishers in full, fess discount Sold books on account to Beten Bookstore for $1,300. The cost of the books sols was $970 Granted Baten Bookstore 5160 credit for books returned costing 596 24 26 28 30 Crane's Book Warehouses chart of accounts includes the following No. 101 Cash No 112 Accounts Receivable. No 120 inventory No 201 Accounts Payable. No 001 Sales Revenue No. 412 Sales Returns and Aluwances No. 434 Sales Discounts and so Cost of Goods Sold Journalise the transactions for the month of sine for Cranes Book Warehouse in perpetual inventory system (Credit account titles are automatically indented when amount is entered. Do not Indent manually. Record journal entries in the order presented in the problem Date Account Titles and Explanation Debit Credit