TESOURCES Problem 5.1A Ker's Book Warehouse stributes Hardcover books to retail stores and extends credit terms of 2/10, 1/30 to all of its customers. At the end of May, Ker's inventory consisted of books purchased for $1,800. During Tune, the following merchandising transactions occurred June 1 Purchased books on account for $1,600 from Binafeld Publishers, Fos destination, terms 2/10, 1/30. The appropriate party also made a cash payment of $50 for the right on this date 3 Sold books in account to Reading Mainbow for $2.500. The cost of the books sold was $1,440 6 Receved 100 credit for books returned to Binsfeld Pubers Paid infeld Publishers in less discount 15 Received payment in from Reading Rainbow 17 Sold books on account to Rapp Books for $1,800. The cost of the books sold was $1,080. 20 Purchased books on account for $1,800 from McGinn Publishers, FOB destination, terms 2/15, V30. The appropriate party also made a cash payment of $60 for the trenght on this dat 24 Received payment is discount from Books 26 Paid Meclishes in less count 28 Sold books on sconto Boten Bookstore for $3,600. The cost of the books sold was $970 30 Grand Boeten bookstore 120 credit for books returned conting 377 lewens wa Warehoudart of around the following: No. 101 C, No. 112 Account Receivable, No 120 nr. 301 Accounts at 101 Revenue, No 412 stund och Sacounts, and a 509 Coat of Good South informe month of une for en bok Warehouse in perpetua cor Wim ( Caccounts are matically ident