**Riverbed'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 $1,040 from Caitlin Publishers, terms 2/10, n/30. **June 3** - Sold books on account to Garfunkle Bookstore for $1,100. The cost of the books sold was $730. **June 6** Received $40 credit for books returned to Caitlin Publishers. **June 9** - Paid Caitlin Publishers in full. **June 15** - Received payment in full from Garfunkle Bookstore. **June 17** - Sold books on account to Bell Tower for $1,300. The cost of the merchandise sold was $800 **June 20** - Purchased books on account for $700 from Priceless Book Publishers, terms 1/15, n/30. **June 24** - Received payment in full from Bell Tower. **June 26** - Paid Priceless Book Publishers in full. **June 28** - Sold books on account to General Bookstore for $1,420. The cost of the merchandise sold was $710. **June 30** - Granted General Bookstore $140 credit for books returned costing $80. Journalize the transactions for the month of June for Riverbed Warehouse using a perpetual inventory system. 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.) Date Account Titles and Explanation Debit June 1 Inventory Accounts Payable June 3 Accounts Receivable Sales Revenue (To record credit sale) June 3 + Cost of Goods Sold Inventory (To record cost of merchandise sold) 1040 1100 730 Credit 1040 1100 730 June 6 Accounts Payable 40 Inventory 40 June 9 ÷ Accounts Payable 1000 Cash 980 Inventory 20 June 15+ Cash 1100 Accounts Receivable 1100 June 17 + Accounts Receivable Sales Revenue (To record credit sale) June 17+ Cost of Goods Sold Inventory June 20 (To record cost of merchandise sold) Inventory Accounts Payable June 24+ Cash 1300 800 700 1274 1300 800 700 Sales Discounts 26 Accounts Receivable 1300 June 26 Accounts Payable 700 Cash 693 Sales Discounts 7 June 28 + Accounts Receivable 1420 Sales Revenue 1420 (To record credit sale) June 28 + Cost of Goods Sold 710 Inventory 710 (To record cost of merchandise sold) June 30 + Sales Returns and Allowances 140 Accounts Receivable 140 June 30 (To record merchandise returned) Inventory Cost of Goods Sold (To record cost of merchandise returned) 80 80