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Bramble Warehouse distributes hardback books to retail stores and extends credit to all of its customers. During the month of Jur the following merchandising transactions

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Bramble Warehouse distributes hardback books to retail stores and extends credit to all of its customers. During the month of Jur the following merchandising transactions occurred. June 1 Purchased books on account for $1,065 from Catlin Publishers. 3. Sold books on account to Garfunkel Bookstore for $1,900. The cost of the merchandise sold was $700. 6 Received $65 credit for books returned to Catlin Publishers. 9 Paid Catlin Publishers in full. 15 Received payment in full from Garfunkel Bookstore, 17 Sold books on account to Bell Tower for $1,900. The cost of the merchandise sold was $750. 20 Purchased books on account for $700 from Priceless Book Publishers. 24 Received payment in full from Bell Tower. 26 Paid Priceless Book Publishers in full. 28 Sold books on account to General Bookstore for $1,250. The cost of the merchandise sold was $810. 30 Granted General Bookstore $270 credit for books returned costing $65. Prepare a tabular summary to record the transactions for the month of June for Bramble Warehouse using a perpetuat iryenfory system, include margin explanatiom for the changes in revenues and expenses. (Enter negutive amounts usins elther a negative sign freceding the numberes, 45 or parentheses es (45)) Prepare a tabular summary to record the transactions for the month of June for Bramble Warchouse using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (Enter negotive amounts using either a negotive sign preceding the number es, -45 or parentheses es. (45).)

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