Martinez 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 3 6 9 15 17 20 24 26 28 30 Purchased books on account for $1,940 from Catlin Publishers. Sold books on account to Garfunkel Bookstore for $1,450. The cost of the merchandise sold was $800. Received $40 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 $950. Purchased books on account for $800 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 $1,600. The cost of the merchandise sold was $890. Granted General Bookstore $100 credit for books returned costing $90. Prepare a tabular summary to record the transactions for the month of June for Matrinez Warehouse using a perpetual inventory system.

Martinez Warehouse distributes hardback books to retail stores and extends credit to all of its customers. During the month of Ju the following merchandising transactions occurred. June 1 Purchased books on account for $1,940 from Catlin Publishers. 3 Sold books on account to Garfunkel Bookstore for $1,450. The cost of the merchandise sold was $800. 6 Received $40 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 $1,450. The cost of the merchandise sold was $950. 20 Purchased books on account for $800 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 $1,600. The cost of the merchandise sold was $890. 30 Granted General Bookstore $100 credit for books returned costing $90