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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 Purchased books on account for $ from Catlin Publishers Sold books on account to Garfunkel Bookstore for $ The cost of the merchandise sold was $ Recelved $ 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 S The cost of the merchandise sold was soos Purchased books on account for $ from Priceless Book Publishers Received payment in full from Bell Tower Pald Priceless Book Publishers in full Sold books on account to General Bookstore for $ The cost of the merchandise sold was Granted General Bookstore credit for books returned costing 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 or parentheses es Assets Lab Cash Accts. Rec. Inv. Auct June $ $
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