Business, 07.11.2019 03:31 suhailalitariq

Blossom 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 $1030 (including freight) from catlin publishers, terms 2/10, n/30. - 3 sold books on account to garfunkel bookstore for $800. the cost of the merchandise sold was $700. - 6 received $30 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 $1000. the cost of the merchandise sold was $700. - 20 purchased books on account for $700 from priceless book publisher, terms 2/15, n/30. journalize the transactions for the month of june for powell warehouse, using a perpetual inventory system.

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Blossom warehouse distributes hardback books to retail stores and extends credit terms of 2/10, n/30...

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