Question 14 View Polides Current Attempt in Progress Brideport's Book Warehouse distributes hardcover booles to retail stores and extends credit terms of 1/10.30 to all of its customers. At the end of May Bridgeport's inventory consisted of books purchased for $1.600. During June, the following merchandising transactions occurred. June 1 Purchased books on account for $1.400 from Kline Publishers. FOB destination terms 1/10./30. The appropriate party also made a cash payment of $50 for the freight on this date. 3 Sold books on account to Reading Rainbow for $2.400. The cost of the books sold was $800 6 Received $200 credit for books retumed to Kline Publishers 9 Paid Kline Publishers in fullless discount 15 Received payment in full from Reading Rainbow. 17 Sold books on account to Blanco Books for $1.600. The cost of the books sold was $960. 20 Purchased books on account for $1.200 from Diet Publishers, FOB destination terms 115.1/30. The appropriate party so made a cash payment of $60 for the freight on this date. 24 Received payment in full from Blanco Books 26 Paid Dietz Publishers in full, less discount 28 Sold books on account to Reddy Bookstore for $1.200. The cost of the books sold was $650 30 Granted Reddy Bookstore 5130 credit for books retumed costing $78 Bridgeport's Book Warehouse's chart of accounts includes the following: No. 101 Cash, No. 112 Accounts Receivable, No 120 Inventory, No.201 Accounts Payable.No401 Sales Revenue, No 412 Sales Retums and Allowances, No. 414 Sales Discounts and No. 505 Cost of Goods Sold. Journalize the transactions for the month of June for Bridgeport's Book Warehouse using a perpetual inventory system. (Credit accountides are automatically indented when amount is entered. Do not indent manually. If no entry is required. selet"No Entry for the accountries and enter for the amounts Recordjournal entries in the order presented in the problem Date Account Titles and Explanation Debit Credit ASUS E-S Tripadvis Date Account Titles and Explanation Debit Credit (To record credit sale) (To record cost of merchandise sold) (To record credit sale) (To record cost of merchandise sold) June 24 (To record codit cale) (To record credit sale) (To record cost of merchandise sold) (To record merchandise returned) (To record cost of merchandise rebumed) eTextbook and Media List of Accounts Save to