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Ivanhoe Warehouse distributes hardback books to retail stores and extends credit terms of 2/10,n/30 to...

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Ivanhoe 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 i Purchased books on account for $1,855 (including freight) from Catlin Publishers, terms 2/10,n/30 3. Sold books on account to Garfunkel Bookstore for $1,100. The cost of the merchandise sold was $750 6. Recelved $55 credit for books retumed to Catin Publishers. 9. Paid Catin Publisters infult. 15 Received payment in fuli from Garfunkel Bookstore: 17 Sold books on account to Bell Tower for $1,450. The cost of the merchandise sold was $700 24 Recelved payment in full from Belitower 26 Pala Priceless Elook Publishers infuil. 28 Sold books on account to Conerai Bookstore for 52050 me cont or the merchwase sold was 5970 so Granted General Bookstore 5240 credit for books ceturned costing s7o

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