Question: Problem 6-1 Your answer is partially correct. Try again. Bridgeport Warehouse distributes hardback books to retail stores and extends credit to all of its customers.

 Problem 6-1 Your answer is partially correct. Try again. Bridgeport Warehouse

distributes hardback books to retail stores and extends credit to all of

Problem 6-1 Your answer is partially correct. Try again. Bridgeport 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 $1,280 from Catlin Publishers. 3 Sold books on account to Garfunkel Bookstore for $1,100. The cost of the merchandise sold was $800. 6 Received $80 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 $1,100. The cost of the merchandise sold was $950. 20 Purchased books on account for $800 from Priceless Book Publishers. 24 Received payment in full from Bel Tower. 26 Paid Priceless Book Publishers in full 28 Sold books on account to General Bookstore for $1,550. The cost of the merchandise sold was $800. 30 Granted General Bookstore $200 credit for books returned costing $70. Prepare a tabular Summary to record the transactions for the month of June for Bridgeport Warehouse using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. - 45 or parentheses e.g. (45).) Assets Liabilities + Stockholders' Equity Retained Earnings Rev. Exp. Cash Accts. Rec. + Inv. Accts. Pay. + Common Stock + June 1 Sales revenue 1100 WOOD WOOD Cost of goods sold 11:39 AM Cost of goods sold 15 17 Sales revenue Cost of goods sold DUOBODIKUNDIDO Idagdddddddddd OO todddddddddddd UUUUUUUUUUUO Colddddddddddd bigoddddddddddd 20 24 26 28 Sales revenue Cost of goods sold 30 Sales returns & allowances Cost of goods sold

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