answer ASAP.

3 access Exercises: Set B and Challenge Exercises. PROBLEMS: SET A PS-1A Kern's Book Warehouse distributes hardcover books to retail stores and extends Joumalize purchase and credit terms of 2/10, 7/30 to all of its customers. At the end of May, Kern's inventory con- sales transactions under a sisted of books purchased for $1.800. During June, the following merchandising transac perpetual inventory system. (LO 2.3) June ! Purchased books on account for $1,600 from Binsfeld Publishers, FOB destination, terms 2/10, r/30. The appropriate party also made a cash XLS payment of $50 for the freight on this date. Sold books on account to Reading Rainbow for $2,500 The cost of the books 6 Received $100 credit for books returned to Binsfeld Publishers. 9 Paid Binsfeld Publishers in full, less discount. 15 Received payment in full from Reading Rainbow. 17 Sold books on account to Rapp Books for $1,800. The cost of the books sold was $1,080. 20 Purchased books on account for $1,800 from McGinn Publishers, FOB destination, terms 2/15, r30. The appropriate party also made a cash payment of $60 for the freight on this date. 24 Received payment in full from Rapp Books. Pald McGinn Publishers in full, less discount 28 Sold books on account to Bacten Bookstore for $1,600. The cost of the books sold was $970, 30 Granted Baeten Bookstore $120 credit for books returned costing $72 Ken's Book Warehouse's chart of accounts includes the following: No foi Cash, No. 112 Accounts Receivable, No. 120 Inventory. No. 201 Accounts Payable, No. 401 Sales Reve nue, No. 412 Sales Returns and Allowances, No. 414 Sales Discounts, and No. 505 Cost of Goods Sold Instructions Journalize the transactions for the month of June for Kern's Book Warehouse using a per petual inventory system. 26