uni Sarasota's Book Warehouse distributes hardcover books to retal stores consisted of books purchased for $1,600. During June, the following merchandising transactions occurred and extends aredit terms of 1/10, nv30 to all of its customers. At the end of May, Sarasota's Inventory une 1 Purchased books on account for $1,300 from Kline Publishers, FOB destination, terms 1/10, n/3o. The appropriate party also made a cash payment of $50 for the freight on this date. 3 Sold books on account to Reading Rainbow for $2,800. The cost of the books sold was $1,020. 6 Recelved $200 credit for books returned to Kline Publishers 9 Paid Kline Publishers in full, less discount 15 Received payment in full from Reading Rainbow 17 Sold books on account to Blanco Books for $1,500. The cost of the books sold was $900. books on account for $1,100 from Dietz Publishers, FOB destination, terms 1/15, n/30. The appropriate party also made a cash payment of $40 for the freight on this date. 24 Received payment in full from Blanco Books. 26 Paid Dletz Publishers in full, less discount 28 Sold books on account to Reddy Bookstore for $1,500. The cost of the books sold was $950 30 Granted Reddy Bookstore $130 credit for books returned costing $78 and No. 505 Cost of Goods Sold amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts. Record journal entries in the Debit D B