Prepare a tabular summary to record transactions of Pharoahs Books listed below. Assume Pharoahs 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.