At the beginning of June, Chow Company has a balance in inventory of $2,300. The following transactions occur during the month of June. June 2 Purchase radios on account from Air One for $2,000, terms 1/15, n/45. June 4 Pay cash for freight charges related to the June 2 purchase from Air One, $260. June 8 Return defective radios to Air One and receive credit, $300. June 10 Pay Air One in full. June 11 Sell radios to customers on account, $3,600, that had a cost of $2,500. June 18 Receive payment on account from customers, $2,600. June 20 Purchase radios on account from Motion Unlimited for $3,100, terms 3/10, n/30. June 23 Sell radios to customers for cash, $4,600, that had a cost of $2,900. June 26 Return damaged radios to Motion Unlimited and receive credit of $300. June 28 Pay Motion Unlimited in full. Required: 1. Assuming that Chow Company 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 June. Required 1 Required 2 Assuming that Chow Company uses a perpetual inventory system, record the transactions. (If no entry is required F transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 ... 12 Record purchase of radios on account from Air One for $2,000, terms 1/15, n/45. Note: Enter debits before credits. Date June 02 General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 Assuming that Chow Company uses a perpetual inventory system, record the transactions. (If no entry is requi transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 ..... 12 Record payment of cash for freight charges related to the June 2 purchase from Air One, $260. Note: Enter debits before credits. Date June 04 General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 Assuming that Chow Company uses a perpetual inventory system, record the transactions. (If no entry is required for transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 12 Record return of defective radios to Air One and receipt of credit, $300. Note: Enter debits before credits. Date June 08 General Journal Debit Credit Record entry Clear entry View general Journal Required 1 Required 2 Assuming that Chow Company uses a perpetual inventory system, record the transactions. (If no en transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 ..... 12 > Record payment to Air One in full. Note: Enter debits before credits. Date June 10 General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 Assuming that Chow Company uses a perpetual inventory system, record the transactions. (If no entry is required for transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 5 6 7 8 ..... 12 Sell radios to customers on account, $3,600, that had a cost of $2,500. Record the sale of inventory on account. Note: Enter debits before credits. Date June 11 General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 Assuming that Chow Company 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.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 8 ..... 12 Sell radios to customers on account, $3,600, that had a cost of $2,500. Record the cost of inventory sold. Note: Enter debits before credits. Date June 11 General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 Assuming that Chow Company uses a perpetual inventory system, record the transactions. (If no entry is requi transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 . 12 Record receipt of payment on account from customers, $2,600. Note: Enter debits before credits. Date June 18. General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 Assuming that Chow Company 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.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 12 Record purchase of radios on account from Motion Unlimited for $3,100, terms 3/10, n/30. Note: Enter debits before credits. Date June 20 General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 Assuming that Chow Company 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.) View transaction list Journal entry worksheet < 1 4 5 6 7 8 9 12 Sell radios to customers for cash, $4,600, that had a cost of $2,900. Record the sale of inventory for cash. Note: Enter debits before credits. Date June 23 General Journal Debit Credit 7 R Record entry Clear entry View general journal Required 1 Required 2 Assuming that Chow Company 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.) View transaction list Journal entry worksheet 1 ... 5 6 7 8 9 10 12 10 Sell radios to customers for cash, $4,600, that had a cost of $2,900. Record the cost of inventory sold. Note: Enter debits before credits. Date General Journal Debit Credit June 23 View general journal Record entry Clear entry Required 1 Required 2 Assuming that Chow Company 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.) View transaction list Journal entry worksheet < 1 ... 5 67 8 9 10 11 12 Record return of damaged radios to Motion Unlimited and receipt of credit of $300. Note: Enter debits before credits. Date June 26 General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 Assuming that Chow Company uses a perpetual inventory system, record the transactions. (If no entry is required fo transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet <1 June