CALCULATOR PRINTER VERSION 4 BACK NEXT Problem 6-1 Bridgeport Warehouse distributes hardback books to retal stores and extends credit to all of its customers. During the month of June, the following merchandising transactions occurred. June 1 3 6 9 15 17 Purchased books on account for $1,280 from Catin Publishers Sold books on account to Garfunkel Bookstore for $1,100. The cost of the merchandise sold was $800. Received $80 credit for hooks returned to Catan Publishers. Paid Catan Publishers in full Received payment in full from Garfunkel Bookstore. Sold books on account to Bell Tower for $1,100. The cost of the merchandise sold was $950 Purchased books on account for $800 from Priceless Book Publishers Received payment in full from Bel Tower Paid Priceless Book Publishers in full. Sold books on account to General Bookstore for $1,550. The cost of the merchandise sold was $400. Granted General Bookstore $200 credit for books retumed costing $70. 20 26 23 30 Prepare a tabular summary to record the transactions for the month of June for Bridgeport Warehouse using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parenthesesc.g. (45).) Assets Ilahi Stockholders' Enuity Assets Liabilities + Stockholders' Equity Retained Earnings Rev. Exp. Cash Accts. Rec. + Inv. Aocts. Pay. + Common Stock + June 1 $ $ $ $ $ Sales revenue 3 Cost of goods sold 6 9 15 Sales revenue 17 Cost of goods sold 20 24 26 Sales revenue 28 Cost of goods sold ohn Wileys Inc. All Rights Reserved. A Division of thn Wiley & Sons, Inc. 20 24 26 Sales revenue 28 Cost of goods sold Sales returns & allowances 30 Cost of goods sold