Question: Current Attempt in Progress Concord's Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. During
Concord's Warehouse distributes hardback books to retail stores and eatends credit terms of 2/10, vao to all of its customers. During the month of June, the followine merchandisine transactions occurred. June 1 Purchsed books on account for $940 (including treighe) from Catlin Publishers, terms 2/10,n/30. 3 Sold books on account to Carfunkle Bookstore for $1.200. The cost of the books sold was 3780. 6 Received $40 credit for books retumed to Catin publishers. 9 Paid Catlon Frublishers in full 15 Received payment in full from Carfunble Bookstore. 17 Sold books on account to Bell Tower for \$1,300. The cost of the menchandise sold was $770. 20 Purchased books on account for 5720 from Pnceless Hook Publishersitermis 1/15,n/20 24 Received payment in full from Bea Tower. 26 Paid Priceless Book Publishers in full. 28 Sold books on account to General Bookstoce for 51,430 . The cost of the merchandise sold was 5330. 30 Granted General Bockstore $120 creditfor books returned costing $90. Concord's Warehouse distributes hardback books to retail stores and eatends credit terms of 2/10, vao to all of its customers. During the month of June, the followine merchandisine transactions occurred. June 1 Purchsed books on account for $940 (including treighe) from Catlin Publishers, terms 2/10,n/30. 3 Sold books on account to Carfunkle Bookstore for $1.200. The cost of the books sold was 3780. 6 Received $40 credit for books retumed to Catin publishers. 9 Paid Catlon Frublishers in full 15 Received payment in full from Carfunble Bookstore. 17 Sold books on account to Bell Tower for \$1,300. The cost of the menchandise sold was $770. 20 Purchased books on account for 5720 from Pnceless Hook Publishersitermis 1/15,n/20 24 Received payment in full from Bea Tower. 26 Paid Priceless Book Publishers in full. 28 Sold books on account to General Bookstoce for 51,430 . The cost of the merchandise sold was 5330. 30 Granted General Bockstore $120 creditfor books returned costing $90
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