A WO HONE of Corom The Percome the company ACC 210 NAME CHAPTERS 6-7 DATE A In June, Comm Company purchased satellite dishes to sell to individuals and Organizations. Transactions relating to this product during June were as follows: June 2 Purchased five satellite dishes on account from Way Out Company, at a cost of $600 each. Payment due in 30 days, June 10 Sold one satellite dish to Sally Starr, sales price $1,250. Payment due in 30 days June 12 Paid $3.000 cash to Way Out Company for the satellite dishes purchased on June 2 June 17 Purchased six satellite dishes for cash from Way Out Company, at a cost of $600 each June 22 Collected $1,250 from Sally Starr in full settlement of the credit sale on June 10 June 25 Sold three satellite dishes to Cabrini University for cash. Sales price, $1,000 each. REQUIRED: (1) Prepare journal entries to record these transactions in the accounting records of Comm Company. The company uses the perpetual inventory system (2) Prepare a partial income statement showing the company's gross profit