Thu 12:52 AM Q Powell's Book Warehouse distributes hardcover books to retail stores and extends credit terms of 1/10, n/30 to all of its customers. At the end of May, Powell's inventory consisted of books purchased for $1,600. During June, the following merchandising transactions occurred Dune 1 Purchased books on account for $1,400 from Kline Publishers, FO8 destination, terms 1/10, /30. The approprilte party also made a cash payment of $50 for the freight on this 3 Sold books on account to Reading Rainbow for $2,400. The cost of the books sold was $800. 6 Received $200 credit for books returned to Kline Publishers. 9 Paid Kline Publishers in full, less discount 15 Recelved payment in full from Reading Rainbow. 17 Sold books on account to Blanco Books for $1,600. The cost of the books sold was $960. 20 Purchased books on account for $1,200 from Dietz Publishers, FOB destination, terms 1/15, /30. The appropriate party also made a cash payment of $60 for the freight on this 24 Received payment in full from Blanco Books. 26 Paid Dietz Publishers in full, less discount 28 Sold books on account to Reddy Bookstore for $1,200. The cost of the books sold was $650. 30 Granted Reddy Bookstore $130 credit for books returned costing $78. Powell's Book ware o ses cart of accounts includes the following: No. 101 Cash, No. I 12 Accounts Receivable, No 120 Inventory, No. 201 A counts Payable, 401 Sales Revene No. 412 Sales Returns and Allowances, No. 414 Sales Discounts, and No. 505 Cost of Goods Sold Journalize the transactions for the month of June for is entered. Do not indent manually. If no entry is required, select "No En presented in the problem.) ournal entries in the order try-for the acco unt tit es and enter 0 fr the amounts. Recor