At the beginning of July. CD City has a balance in Inventory of $2,650. The following transactions occur during the month of July. 2uly 3 Purchase cos on account froe wholesale music for $1,550, terns 2/10,n/30. auly 4 Pay cash for freight charges related to the July 3 purchase from wholesale Music, s1ee. zuly 9 Return incorrectly ordered cos to wholesale Music and receive credit, s3ee. July 11 Pay wholesale Music in full. july 12 sell cos to customers on account, s4, 3ee, that had a cost of $2,250. july 15 . Recelve full payment from customers related to the sale on july 12. July 18 Purchase cos on account fron music supply for $2,350, teres 2/10,n/30. july 22 sell cos to custosers for cash, $3,450, that had a cost of 51,750 . july 28 Return cos to Husic supply and receive credit of 5156 . zuly 30 Pay kusic supply in full. Requlted: 1. Assuming that CD City uses a perpetual inventory system, record the transactions. 2. Prepare the top section of the multiple-step income statement through gross profit for the month of July. Complete this question by entering your answers in the tabs below. Assumeng that CD City uses a perpetual inventony system, record the trensactions. (If no entry is required for a transaction/cuent, aelect Mo Journat Entry Required" in the lint account field.) Journal entry worksheet 234567812 Record purchase of cos on account from Wholesale Muenc for s1,5so, tems 2/10, Nio