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At the beginning of June, Circuit Country has a balance in inventory of $2,500. The following transactions occur during the month of June. June 2

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At the beginning of June, Circuit Country has a balance in inventory of $2,500. The following transactions occur during the month of June. June 2 Purchase radion on account from Radio World for $2,200, termi 2/15,n/45. June 4 Pay cash for freight charges related to the June 2 purchase from Radio Norld, 6300. June 8 Return defective radios to Radio Norld and recelve eredit, $200. June 10 pay Radio World in full. June 11 sel1 radios to cuetoners on account, 54,000 , that had a cost of $2,700. June 18 Receive payment on account from custolters, 53,000 . June 20 Purcbane radion on account fron sound undimited for $3,300, terma 3/10,n/30. June 23 Sell radion to eantomern for cash, $4,800, that had a cost of $3,100. June 26 Return damnged radios to sound unlimited and recelve eredit of 3400. June 28 pay Sound Unlimited in full. Required: 1. Assuming that Circult Country 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. Journal entry worksheet 24567812 Record purchase of radios on account from Radio World for $2,200, terms 2/15,n/45. Note: Enter debits before credits. Journal entry worksheet Record payment of cash for freight charges related to the June 2 purchase from Radio World, $300. Note: Enter debits before credits. Journal entry worksheet Record return of defective radios to Radio World and receipt of credit, $200. Note: Enter debits before credits. Journal entry worksheet Notes Enter debits before credits. Journal entry worksheet

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