Stockholders' Equity Retained Earnings Common Stock $ +Rev.RetainedEarExp. $ $ Accounts receivable Bad debt expense Cost of goods sold Sales returns \& allowances Sales revenue 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 Purchased books on account for \$2,160 from Catlin Publishers. 3 Sold books on account to Garfunkel Bookstore for $1,700. The cost of the merchandise sold was $800. 6 Received $60 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 $1,700. The cost of the merchandise sold was $950. 20 Purchased books on account for $726 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 \$1,450. The cost of the merchandise sold was \$910. 30 Granted General Bookstore $260 credit for books returned costing $90. 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. - Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. - Increases in expenses require a negative sign or parentheses. - Reductions in revenues require a negative sign or parentheses