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

Bridgeport Warehouse distributes hardback books to retail stores and extends credit to all of its customers. During the month of Jun the following merchandising transactions occurred. June 1 3 15 17 20 24 26 28 30 Purchased books on account for $1,855 from Catlin Publishers. Sold books on account to Garfunkel Bookstore for $1,450. The cost of the merchandise sold was $750. Received $55 credit for books returned to Catlin Publishers. Paid Catlin Publishers in full. Received payment in full from Garfunkel Bookstore. Sold books on account to Bell Tower for $1,450. The cost of the merchandise sold was $700. Purchased books on account for $750 from Priceless Book Publishers. Received payment in full from Bell Tower. Paid Priceless Book Publishers in full. Sold books on account to General Bookstore for $2,050. The cost of the merchandise sold was $970. Granted General Bookstore $240 credit for books returned costing $70. Prepare a tabular summary to record the transactions for the month of June for Bridgeport Warehouse using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
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Bridgeport Warehouse distributes hardback books to retail stores and extends credit to all of its customers. During the month of the following merchandising transactions occurred. June 1 Purchased books on account for $1,855 from Catlin Publishers. 3 Sold books on account to Garfunkel Bookstore for $1,450. The cost of the merchandise sold was $750. 6 Received $55 credit for books returned to Catlin Publishers. 9 Paid Cattin Publishers in fult. 15 Received payment in full from Garfunkel Bookstore. 17 Sold books on account to Bell Tower for $1,450. The cost of the merchandise sold was $700. 20 Purchased books on account for $750 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 $2,050. The cost of the merchandise sold was $970. 30 Granted General Bookstore $240 credit for books returned costing $70. Prepare a tabular summary to record the transactions for the month of June for Bridgeport Warehouse using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sign preceding the number e.g. .45 or parentheses e.8. (45).)

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