New Pocee Current Attempt in Progress Swifty Book Warehouse Ltd. distributes hardcover books to retail stores. At the end of May. Swifty's inventory consists of 270 books purchased at $17 each. Swifty uses a perpetual inventory system. Return rates in the book industry are high with Swifty experiencing a 15% return rate historically. During the month of June, the following merchandise transactions occurred; June 1 5 8 9 Purchased 170 books on account for $15 each from Reader's World Publishers, terms n/45. Sold 240 books on account to The Book Nook for $25 each with an assumed average cost of $16. terms n/45. Received a $150 credit for 10 books returned to Reader's World Publishers. Sold 72 books on account to Read-A-Lot Bookstore for $27 each with an assumed average cost of $16. terms n/45. Issued a $651 credit memorandurn to Read-A-Lot Bookstore for the return of 13 damaged books. The books were determined to be no longer saleable and were destroyed. Purchased 180 books on account for $16 each from Read More Publishers, terms n 45. Received payment in full From The Book Nook. Received payment in full from Read-A-Lot Bookstore, Sold 125 books on account to Readers Bookstore for $26 each with an assumed average cost of $16 terms n 45. Granted Reader's Bookstore a $416 credit for 16 returned books. These books were restored to inventory. Paid Reader's World Publishers in AULA 11 17 22 25 29 (b) Record the une transactions Lista debit entries before credit entries. Credit account titles are automatically indented when the (list all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and entero for the amounts. Round your answers to 0 decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit ne 1 Inventory 2050 Accounts Payable 2250 ne 3 Accounts Receivable 6000 6000 (To record sales) ne 3 Cost of Goods Sold 984/0 Inventory 3840 (To record cost of goods sold) Accounts Payable (To record sales) ne 8 (To record cost of goods sold) meo