W horse Warehouse distributes hardback books to retail stores and extends credit terms of 4/10./30 to all of its customers. During the month of the following merchandising transactions occurred June 1Purchased books on account for $1.940 Including freight) from Catlin Publishers, terms 4/10./30. 3 Sold books on account to Garfunkel Bookstore for $1.300. The cost of the merchandise sold was $800. 6 Received $40 credit for books returned to Catlin Publishers 9 Paid Catlin Publishers in 15 Received payment in full from Garfunkel Bookstore. 17 Sold books on account to Bell Tower for 51450. The cost of the merchandise sold was $950. 20 Purchased books on account for 5000 from Priceless Book Publishers, terms 2/15,30 24 Received payment in full from Bell Tower 26 Pald Priceless Book Publishers in full. 28 Sok books on to General Bookstore for $1.00. The cost of the merchandise old was $490 30 Granted General Bookstore $100 credit for boreturned conting so