Prepare a tabular summary to record transactions of Pharoah's Books listed below. Assume Pharoah's uses a perpetual inventory system. July 6 Purchased $1,430 of merchandise on credit, terms n/30. 8 Returned $90 of the items purchased on July 6. 19 Sold merchandise on credit for $3,970, on account. The merchandise had an inventory cost of $2,410. 22 Of the merchandise sold on July 19, $290 of it was returned. The items had cost the store $135. 28 Received payment in full from the customer of July 19. 31 Paid for the merchandise purchased on July 6. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets July 6 $ Cash $ Accounts Receivable 8 00 19 22 222 28 31 +A $ Inventory Liabilities $ Accounts Payable Common Stock $ GA Rev. + $ CA Stockholder's Equity Exp. Retained Earnings +A $ Div. Sales revenue Cost of goods sold Sales returns & allowances Cost of goods sold