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Pronghorn's 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 occurred.

June $1$ Purchased books on account for $$940($including freight$)$ from Catlin Publishers, terms $\frac{2}{10},\frac{n}{30}.$

$3$ Sold books on account to Garfunkle Bookstore for $$1,190.$ The cost of the books sold was $$720.$

$6$ Received $$40$ credit for books returned to Catlin Publishers.

$9$ Paid Catlin Publishers in full.

$15$ Received payment in full from Garfunkle Bookstore.

$17$ Sold books on account to Bell Tower for $$1,100.$ The cost of the merchandise sold was $$800.$

$20$ Purchased books on account for $$690$ from Priceless Book Publishers, terms $\frac{1}{15},\frac{n}{30}.$

$24$ Received payment in full from Bell Tower.

$26$ Paid Priceless Book Publishers in full.

$28$ Sold books on account to General Bookstore for $$1,370.$ The cost of the merchandise sold was $$760.$

$30$ Granted General Bookstore $$130$ credit for books returned costing $$80.$

Journalize the transactions for the month of June for Pronghorn Warehouse using a perpetual inventory system. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Record journal entries in the order presented in the problem. Round answers to $2$ decimal places, e$.$g$.125\mathrm{.}53.)$

Date

Account Titles and Explanation

Debit

Credit

Accounts Receivable

Sales Revenue

Cost of Goods Sold

$($To record credit sale$)$

$($To record cost of merchandise sold$)$

June $3$

Inventory

Sales Returns and Allowances

Accounts Receivable