Concord Warehouse distributes hardback books to retail stores and extends credit to all of its customers. During the month of June, the following merchandising transactions occurred. June 1 Purchased books on account for $1,165 from Catlin Publishers. 3 Sold books on account to Garfunkel Bookstore for $2,000. The cost of the merchandise sold was $750. 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 $2,000. The cost of the merchandise sold was $900. 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 $1,300. The cost of the merchandise sold was $910. 30 Granted General Bookstore $270 credit for books returned costing $85. Prepare a tabular summary to record the transactions for the month of June for Concord 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).) Assets Liabilities June 1 $ 3 6 9 15 17 24 26 2222 20 28 30 Cash + Accts. Rec. $ $ Inv. Accts. Pay. + Common Stock $ $ $ Rev. Stockholders' Equity Retained Earnings Exp. $ Cost of goods sold Sales revenue Sales returns & allowances Bad debt expense Accounts receivable