2 0 Part 22 Required information Problem 6-3A Record transactions and prepare a partial income statement using a perpetual inventory system (LO6-2, 6-5) [The following information applies to the questions displayed below.) At the beginning of July, CD City has a balance in inventory of $2.800 The following transactions occur during the month of July ED eferences July 3 Purchase CDs on account fron Wholesale Music for $1,700, tors 1/10, 1/30. July 4 Pay cash for frelst charges related to the July 3 purchase from Wholesale Musik, 5100 July 9 Return Incorrectly ordered as to wholesale Music and receive credit, $300 July 11 Pay Wholesale Music in full July 12 il costo customers on account, 54,600, that had a cost of $2,400. July 15 Receive full payment francestors related to the sale on July 12 July 18 Purchase CDs on account fron Music Supply for $2,500,teras 1/10, 30 July 22 51 CDs to customers for cash, $3,600, that had a cost of $1,900 July 2 Return cos to Music Supply and receive credit of $180 July 30 Pay Music Supply in Full Problem 6-3A Part 2 2. Prepare the top section of the multiple step Income statement through gross profit for the month of July CD CITY Multiple-step Income Statement partiat) For the month of July ME ype here to search o BI 2 0 Part 22 Required information Problem 6-3A Record transactions and prepare a partial income statement using a perpetual inventory system (LO6-2, 6-5) [The following information applies to the questions displayed below.) At the beginning of July, CD City has a balance in inventory of $2.800 The following transactions occur during the month of July ED eferences July 3 Purchase CDs on account fron Wholesale Music for $1,700, tors 1/10, 1/30. July 4 Pay cash for frelst charges related to the July 3 purchase from Wholesale Musik, 5100 July 9 Return Incorrectly ordered as to wholesale Music and receive credit, $300 July 11 Pay Wholesale Music in full July 12 il costo customers on account, 54,600, that had a cost of $2,400. July 15 Receive full payment francestors related to the sale on July 12 July 18 Purchase CDs on account fron Music Supply for $2,500,teras 1/10, 30 July 22 51 CDs to customers for cash, $3,600, that had a cost of $1,900 July 2 Return cos to Music Supply and receive credit of $180 July 30 Pay Music Supply in Full Problem 6-3A Part 2 2. Prepare the top section of the multiple step Income statement through gross profit for the month of July CD CITY Multiple-step Income Statement partiat) For the month of July ME ype here to search o BI