Question

please fill in the blanks and answer it as if yiu are writing the answr in the boxes itself

Question 11 View Policies Current Attempt in Progress Is Support Powell Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, 1/30 to all of its customers. During the month of June, the following merchandising transactions occurred. Course sources June 1 Purchased books on account for $1,545 (including freight) from Catlin Publishers, terms 2/10, 1/30. 3 Sold books on account to Garfunkel Bookstore for $1,550. The cost of the merchandise sold was $700. 6 Received $45 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 $1,550. The cost of the merchandise sold was $800. 20 Purchased books on account for $700 from Priceless Book Publishers, terms 1/15,1/30. 24 Received payment in full from Bell Tower. 26 Paid Priceless Book Publishers in full. 28 Sold books on account to General Bookstore for $1,550. The cost of the merchandise sold was $810. 30 Granted General Bookstore $170 credit for books returned costing $30. ints

Answer 1

Date	Account Titles and Explanation	Debit	Credit
June 1	Merchandise inventory	$1,545	-
	Accounts payable	-	$1,545
June 3	Accounts receivable	$1,550	-
	Sales revenue	-	$1,550
	Cost of goods sold	$700	-
	Merchandise inventory	-	$700
June 6	Accounts payable	$45	-
	Merchandise inventory	-	$45
June 9	Accounts payable	$1,500	-
	Merchandise inventory	-	$30
	Cash	-	$1,470
June 15	Cash	$1,550	-
	Accounts receivable	-	$1,550
June 17	Accounts receivable	$1,550	-
	Sales revenue	-	$1,550
	Cost of goods sold	$800	-
	Merchandise inventory	-	$800
June 20	Merchandise inventory	$700	-
	Accounts payable	-	$700
June 24	Cash	$1,519	-
	Sales discount	$31	-
	Accounts receivable	-	$1,550
June 26	Accounts payable	$700	-
	Merchandise inventory	-	$7
	Cash	-	$693
June 28	Accounts receivable	$1,550	-
	Sales revenue	-	$1,550
	Cost of goods sold	$810	-
	Merchandise inventory	-	$810
June 30	Sales returns and allowance	$170	-
	Accounts receivable	-	$170
	Merchandise inventory	$30	-
	Cost of goods sold	-	$30