Blossom warehouse distributes hardback books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. during the month of june, the following merchandising transactions occurred. june 1 purchased books on account for $1030 (including freight) from catlin publishers, terms 2/10, n/30. - 3 sold books on account to garfunkel bookstore for $800. the cost of the merchandise sold was $700. - 6 received $30 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 $1000. the cost of the merchandise sold was $700. - 20 purchased books on account for $700 from priceless book publisher, terms 2/15, n/30. journalize the transactions for the month of june for powell warehouse, using a perpetual inventory system.

Construct an example of the cycle of​ money, identify all the players involved and identify their individual benefits from participating in the cycle of money. in the examples of the cycle of money shown​ below, identify all the players involved and identify their individual benefits from participating in the cycle of money. example​ one: ​(select from the​ drop-down menus.) ▾ opens a savings account ▾ with the borrower with the original lender at a local commercial bank with a​ $200 deposit. the ▾ original lender bank borrower loans out the​ $200 with other funds from other savings accounts to ▾ the original lender a local businessman who is expanding his business. the local businessman pays back the loan over time with interest and the bank credits the savings account with interest. the individual withdraws money from the savings account to buy a new bike.