Pina Colada 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 Purchased books on account for $3,065 from Catlin Publishers. Sold books on account to Garfunkel Bookstore for $1,750. The cost of the merchandise sold was $850. Received $65 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 $1,750. The cost of the merchandise sold was $950. Purchased books on account for $850 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 $2,950. The cost of the merchandise sold was $920. Granted General Bookstore $240 credit for books returned costing $55. 20 24 26 28 30 Assets Cash + Accts. Rec. Inv. June 1 $ $ $ $ 3 6 9 15 17 20 24 26 Liabilities Stockholders' Equity Retained Earnings Exp. Accts. Pay. Common Stock + Rev. $ $ $ ers' Equity Retained Earnings Exp. ta