Current Attempt in Progress Flint Warehouse distributes hardback books to retail stores and extends credit...
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Accounting
Current Attempt in Progress Flint 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. 9 June 1 Purchased books on account for $1,690 from Catlin Publishers. 3 Sold books on account to Garfunkel Bookstore for $1,700. The cost of the merchandise sold was $950, 6 Received $90 credit for books returned to Catlin Publishers. 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 $800, 20 Purchased books on account for $950 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 $2.550, The cost of the merchandise sold was $830. 30 Granted General Bookstore $110 credit for books returned costing $60. Prepare a tabular summary to record the transactions for the month of June for Flint Warehouse using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number es.-45 or parentheses es (451 Assets Lia Cash Accts. Rec. + Inv. June 1 $ 1690 3 1700 Boo
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