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Sheridan's Book Warehouse distribhtes hardcover books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. At the end of May, Sheridan's inventory consisted of books purchased for $1,600. During June, the following merchandising transactions occured.

Question 3 of 5 0.33/1 TI View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Sheridan's Book Warehouse distributes hardcover books to retail stores and extends credit terms of 2/10, 1/30to wlots customers. At the end of May. Sheridan's inventory consisted of books purchased for $1,600. During June, the following merchandising transactions occurred June 3 15 17 Sold books on account to Reading Rainbow for $2,000. The cost of the books sold was 1,800 Received payment in fulltrom Reading Rainbow Sold books on account to Rapp Books for $1.800. The cost of the books told was $1,080 Received payment in full from Rapp Books Sold books on account to Baten Bookstore for $1.200. The cost of the books sold was $970 Granted Baeten Bookstore 5120 credit for books returned costing $92 24 28 30 Journalize the transactions for the month of June for Sheridan's Book Warehouse using a perpetuat inventory system. (Credit account titles are automatically indented when amount is entered. Do not intent manually. Record journal entries in the order presented in the problem. I no entry is required, select 'No Entry for the account titles and enter for the amounts Debit Date Account Titles and Explanation Question 3 of 5

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