Problem 5-2A McCoy 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 June 1 3 6 9 15 17 20 24 26 28 30 Purchased books on account for $2,440 (including freight) from Carlin Publishers, terms 2/10, n/30 Sold books on account to the Goldschmidt bookstore for $1,940. The cost of the merchandise sold was $860 Received $50 credit for books returned to Carlin Publishers. Paid Carlin Publishers in full Received payment in full from the Goldschmidt bookstore Sold books on account to Town Crier for $1,940. The cost of the merchandise sold was $900 Purchased books on account for $860 from Good Book Publishers, terms 3/15, n/30 Received payment in full from Town Crier Paid Good Book Publishers in full Sold books on account to Emporia Bookstore for $2,100. The cost of the merchandise sold was $970 Granted Emporia Bookstore $130 credit for books returned costing $70