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Problem 5-2A Powell 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 3 6 9 15 17 20 24 26 Purchased books on account for $1,445 (including freight) from Catlin Publishers, terms 2/10, n/30 Sold books on account to Garfunkel Bookstore for $1,100. The cost of the merchandise sold was $950 Received $45 credit for books returned to Catlin Publishers. Paid Catlin Publishers in full Received payment in full from Garfunkel Bookstore Sold books on account to Bell Tower for $1,100. The cost of the merchandise sold was $800 Purchased books on account for $950 from Priceless Book Publishers, terms 3/15, n/30 Received payment in full from Bell Tower Paid Priceless Book Publishers in full Sold books on account to General Bookstore for $1,550. The cost of the merchandise sold was $910 Granted General Bookstore $290 credit for books returned costing $70 30 Journalize the transactions for the month of June for Powell Warehouse, using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 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. Round answers to 0 decimal places e.g. 15,222.) Date Account Titles and Explanation Debit Credit (To record credit sale)

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