Question: Current Attempt in Progress Pina Colada Warehouse distributes hardback books to retail stores and extends credit to all of its customers. During the month of

Current Attempt in Progress Pina Colada 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 $3,065 from Catlin Publishers. 3 Sold books on account to Garfunkel Bookstore for $1,750. The cost of the merchandise sold was $850. 6 Received $65 credit for books returned to Catlin Publishrs. 9 Paid Catlin Publishers in full. 15 Received payment in full from Garfunkel Bookstore. 17 Sold books on account to Bell Tower for $1,750. The cost of the merchandise sold was $950. 20 Purchased books on account for $715 from Priceless Book Publishers. 24 Received payment in full from Bell

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