Slue Spruce 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 Purchased books on account for $2,180 from Catlin Publishers 3 6 9 Sold books on account to Garfunkel Bookstore for $ 1.600. The cost of the merchandise sold was $ 700. Received $ 80 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 $1,600. The cost of the merchandise sold was $ 950, Purchased books on account for $ 700 from Priceless Book Publishers 15 17 20 24 Received payment in full from Bell Tower. 26 Pald Priceless Book Publishers in full 28 Sold books on account to General Bookstore for $1,800. The cost of the merchandise sold was $820. Granted General Bookstore $ 300 credit for books returned costing $ 40. 30 Prepare a tabular summary to record the transactions for the month of June for Blue Spruce Warehouse using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. l'Enter negative amounts using either a negative Cash Accts. Rec. Inv. Acets June 1 $ 3 | 6 15 17 20 24 26 28 15 20 Retained Earning Accts. Pay. Common Stock Rev. Exp $ I . Retained Earnings Common Stock Rev. Exp