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(To record cost of merchandise sold) Sheridan 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 $2,845 (including freight) from Catlin Publishers, terms 2/10,r/30. 3 Sold books on account to Garfunkel Bookstore for $900. The cost of the merchandise sold was $800. 6 Received $45 credit for books returned to Catlin Publishers. 9 Paid Catlin Publishers in full, 15 Received payment in full from Garfunket Bookstore. 17 Sold books on account to Bell Tower for $1,400. The cost of the merchandise sold was $850. 20 Purchased books on account for $700 from Priceless Book Publishers, terms 1/15,n/30. 24 Received payment in full from Bell Tower. 26 Paid Priceless Book Publishers in fult. 28. Sold books on account to General Bookstore for $1,700. The cost of the merchandise sold was $770. 30 Granted General Bookstore $210 credit for books returned costing $30. Journalize the transactions for the month of June for Sheridan Warehouse, using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Credit occount titles are outomatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Ust oll debit entries before credit entries) Date Account Titles and Explanation Debit Credit (To record sale of books on account) (To record cost of books sold) (To record cost of books sold) Sheridan 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 $2,845 (including freight) from Catlin Publishers, terms 2/10,r/30. 3 Sold books on account to Garfunkel Bookstore for $900. The cost of the merchandise sold was $800. 6 Received $45 credit for books returned to Catlin Publishers. 9 Paid Catlin Publishers in full, 15 Received payment in full from Garfunket Bookstore. 17 Sold books on account to Bell Tower for $1,400. The cost of the merchandise sold was $850. 20 Purchased books on account for $700 from Priceless Book Publishers, terms 1/15,n/30. 24 Received payment in full from Bell Tower. 26 Paid Priceless Book Publishers in fult. 28. Sold books on account to General Bookstore for $1,700. The cost of the merchandise sold was $770. 30 Granted General Bookstore $210 credit for books returned costing $30. Journalize the transactions for the month of June for Sheridan Warehouse, using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Credit occount titles are outomatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Ust oll debit entries before credit entries)

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