00 8 Part 1 of 2 4 points Return to question Required information [The following information applies to the questions displayed below) At the beginning of July, CD City has a balance in inventory of $2,750. The following transactions occur during the month of July July 3 Purchase CDs on account from wholesale Music for $1,650, teres 2/10, n/30. July 4 Pay cash for freight charges related to the July 3 purchase from wholesale Music, $110. July 9 Return incorrectly ordered CDs to wholesale Music and receive credit, $200. July 11 Pay Wholesale Music in full. July 12 Sell CDs to customers on account, $4,500, that had a cost of $2,350. July 15 Receive full payment from customers related to the sale on July 12. July 18 Purchase CDs on account from Music Supply for $2,450, teres 2/10, n/30. July 22 Sell CDs to customers for cash, $3,550, that had a cost of $1,850. July 28 Return CDs to Music Supply and receive credit of $178. July 38 Pay Music Supply in full. Required: 1. Assuming that CD City uses a perpetual inventory system, record the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)