Record the transactions using a periodic inventory system

Martinez Book Warehouse Ltd. distributes hardcover books to retail stores. At the end of May. Martinez's inventory consists of 250 books purchased at $17 each. Return rates in the book industry are high, with Martinez experiencing a 15% returnrate historically. During the month of June. the following merchandise transactions occurred: June 1 Purchased 180 books on account for $15 each from Reader's World Publishers, terms 445. 3 Sold 200 books on account to The Book Nook for $25 each, with an average cost of $16, terms n/45. 5 Received a $150 credit for 10 books returned to Reader's World Publishers: 8. Sod 76 books on account to Read-AcLot Bookstore for $27 each, with an average cost of $16, terms /45. 9 I Issued a $297 credit memorandum to Read-AcLot Bookstore for the return of 11 damaged books. The books were determined to be no longers salesble and were destroyed. 11 Purchased 130 books on account for $16 each from Read More Publishers, terms n/45. 12 Received bayment in full from The Bock Nook. 17 Received payment in full from Read-A-Lot Bookstore 22 Sold 125 books on account to Reader's Bookstoce for $23 esch with an average cost of $16 terme r/45. 25 Sranted Reader's Hookstore a 5368 credit for 16 returned books. These books were testered to inventory: 29 Paid Resder's Worlid pubilshers infult