rrent Attempt in Progress

Concord Warehouse distributes hardback books to retail stores and extends credit to all of its customers. During the month of Ju

he following merchandising transactions occurred.

June $1$ Purchased books on account for $$1,165$ from Catlin Publishers.

$3$ Sold books on account to Garfunkel Bookstore for $$2,000.$ The cost of the merchandise sold was $$750.$

$6$ Received $$65$ 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 $$2,000.$ The cost of the merchandise sold was $$900.$

$20$ Purchased books on account for $$750$ 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 $$1,300.$ The cost of the merchandise sold was $$910.$

$30$ Granted General Bookstore $$270$ credit for books returned costing $$85.$

Prepare a tabular summary to record the transactions for the month of June for Concord Warehouse using a perpetual inventory

system. Include margin explanations for the changes in revenues and expenses. $($Enter negative amounts using either a negative

sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$