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w Policies trent Attempt in Progress Crane Warehouse distributes hardback books to retail stores and extends credit terms of 2/10,n/30 to all of its customers.

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w Policies trent Attempt in Progress Crane Warehouse distributes hardback books to retail stores and extends credit terms of 2/10,n/30 to all of its customers. During the month of June, the following merchandising transactions Occurred. June 1 Purchased books on account for $1.280 (including freight) from Catlin Publishers, terms 2/10, 1/30. 3 Sold books on account to Garfunkel Bookstore for $1.400. The cost of the merchandise sold was $800. 6 Received $80 credit for books returned to Catlin Publishers. 9 Paid Catlin Publishers in full 15 Received payment in full from Garfunkel Bookstore. 17 Sold books on account to Bell Tower for $1.100. The cost of the merchandise sold was $950. 20 Purchased books on account for $800 from Priceless Book Publishers, terms 1/15,30 24 Received payment in full from Bell Tower 26 Pald Priceless Book Publishers in full 28 Sold books on account to General Bookstore for $1.550. The cost of the merchandise sold was $800. 30 Granted General Bookstore $200 credit for books returned costing S70 Journalize the transactions for the month of June for Crane Warehouse using a perpetual inventory system. no ency is required. select " No Entry for the accountries and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually Record journal entries in the order presented in the problem Debit Credit Date Account Titles and Explanation Type here to search TOSHIBA Ne You HOME NOPNIJE790 (To record sale of books on account) (To record cost of books sold) Type here to search TOSHIBA (To record sale of books on account) (To record cost of merchandise sold) O R9 e a Type here to search TOSHIBA De (To record sale of books on account) (To record cost of books sold) (To record credit granted to General Bookstore for returned goods) (To record cost of books returned) Type here to search 09 e TOSHIBA

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