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

Grouper 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 1369 Purchased books on account for $2.975 from Catlin Publishers Sold books on account to Garfunkel Bookstore for $2,050. The cost of the merchandise sold was $700, Recelved $75 credit for books returned to Catlin Publishers Paid Catlin Publishers in full Recelved payment in full from Garfunkel Bookstore Sold books.on account to Bell Tower for S2050. The cost of the merchandise sold was soos Purchased books on account for $700 from Priceless Book Publishers Received payment in full from Bell Tower 1517202426 Pald Priceless Book Publishers in full 28 Sold books on account to General Bookstore for $2.500. The cost of the merchandise sold was 5860 Granted General Bookstore 5130 credit for books returned costing 550.30 Prepare a tabular summary to record the transactions for the month of June for Grouper Warehouse using a perpetual inventoryPrepare a tabular summary to record the transactions for the month of June for Grouper 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 ex.45 or parentheses es.(451) Assets Lab Cash Accts. Rec. Inv. Auct June 1 $ $ 3691517

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