Problem 6-1 Concord 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 Purchased books on account for $1,165 from Catlin Publishers. Sold books on account to Garfunkel Bookstore for $2,000. The cost of the merchandise sold was $750. 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 $2,000. The cost of the merchandise sold was $900. Purchased books on account for $750 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 $1,300. The cost of the merchandise sold was $910. Granted General Bookstore $270 credit for books returned costing $85. 20 24 26 28 30 Prepare a tabular summary to record the transactions for the month of June for Concord Warehouse using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Cash + Accts. Rec. + Inv. = Accts. Pay. + Common Stock + Rev. - Exp. June 1 + Sales revenue Cost of goods sold Sales revenue Cost of goods sold Sales revenue Cost of goods sold Sales returns & allowances Cost of goods sold