At the beginning of June, Circuit Country has a balance in inventory of $2,600. The following transactions occur during the month of June.

1. Assuming that Circuit Country uses a perpetual inventory systek, record the transactions.

2. Prepare the top section of the multiple-step income statement through gross profit for the month of June.

Required: 1. Assuming that Circuit 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. Complete this question by entering your answers in the tabs below. Assuming that Circuit Country 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.) Journal entry worksheet \begin{tabular}{ll|l|l|l} 1 & 2 & 3 & 4 & 5 \end{tabular} 812 Record receipt of payment on account from customers, $3,200. Noter Enter debits before credits. Required: 1. Assuming that Circuit 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. Complete this question by entering your answers in the tabs below. Assuming that Circuit Country 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.) Journal entry worksheet 5 67 8 12 Record return of defective radios to Radio World and receipt of credit, $200. Note: Enter debits before credits: Required: 1. Assuming that Circuit 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. Complete this question by entering your answers in the tabs below. Assuming that Circuit Country 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.) Journal entry worksheet At the beginning of June, Circuit Country has a balance in inventory of $2,600. The following transactions occur during the month of June. June 2 Purchase radios on account from atadio world for $2,300, terns 1/15,n/45. June 4 Pay cash for freight charges related to the June 2 purchase from Aadio World, $320. June a Return defective radios to Radio liorld and recelve eredit, 5200. June 10 pay Radio Morld in full. June 11 sell radios to customers on occount, $4,200, that had a cost of $2,800. June 18 Recelve payment on occount from customers, $3,200. June 20 Purchase radios on account froe Sound Unlinited for $3,400, terms 3/10,0/30. June 23 sell radtes to customers for eath, 94,900 , that had a cost of 53,200 . June 26 Return danaged radios to Sound Unilinlted and recelve credit of $300. June 28 Pay Sound Unlinited in full. Requlred: 1. Assuming that Circuit 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. Required: 1. Assuming that Circuit 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. Complete this question by entering your answers in the tabs below. Assuming that Circuit Country uses a perpetual inventory system, record the transactions. (If no entry is required transaction/event, select "No loumal Entry Required' in the first account field.) Journal entry worksheet Required: 1. Assuming that Circuit 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. Complete this question by entering your answers in the tabs below. Assuming that Circuit Country uses a perpetual inventory system, record the transactions. (If no entry is required for a transaction/event, solect "No Journal Entry Required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. Required: 1. Assuming that Circuit 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. Complete this question by entering your answers in the tabs below. Assuming that Circuit Country 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.) Journal entry worksheet 567812 Record payment of cash for freight charges related to the June 2 purchase from Radio World, $320. Notes Enter debits before credits. Required: 1. Assuming that Circuit 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. Complete this question by entering your answers in the tabs below. Assuming that Circuit Country 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.) Journal entry worksheet 4567812 Record purchase of radios on account from Radio World for $2,300, terms 1/15,n/45. Note: Enter debits before credits. Required: 1. Assuming that Circuit 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. Complete this question by entering your answers in the tabs below. Assuming that Circuit Country 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.) Journal entry worksheet Sell radios to customers on account, $4,200, that had a cost of $2,800. Record the cost of inventory sold. Note: Enter debits before credits. Required: 1. Assuming that Circuit 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. Complete this question by entering your answers in the tabs below. Assuming that Circuit Country 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.) Journal entry worksheet Sell radios to customers for cash, $4,900, that had a cost of $3,200. Record the sale of inventory for cash. Note: Enter debits before credits. June 2 Purchase radios on account from Radio World for $2,360, terms 1/15,n/45. June 4 Pay cash for freight charges related to the June 2 purchase from Radio World, $320. June 8 Return defective radios to Radlo World and receive credit, $200. June 10 Pay Radio World in full. June 11 Sell radios to customers on account, $4,200, that had a cost of $2,800. June 18 Receive payment on account from customers, $3,200. June 20 Purchase radios on account from Sound Unlimited for $3,400, terms 3/10,n/3. June 23 Sell radios to customers for cash, $4,909, that had a cost of $3,200. June 26 Return damaged radios to Sound Unlimited and receive credit of $390. June 28 Pay Sound Unlimited in full. Required: 1. Assuming that Circuit 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. Complete this question by entering your answers in the tabs below. Prepare the top section of the multiple-step income statement through gross profit for the month of June. Required: 1. Assuming that Circuit 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. Complete this question by entering your answers in the tabs below. Assuming that Circuit Country uses a perpetual inventory system, record the transactions. (If no entry is required for a transaction/event, select "No Joumal Entry Required" in the first account field.) Journal entry worksheet Sell radios to customers on account, $4,200, that had a cost of $2,800. Record the sale of inventory on account. Note: Enter debits before credits. Required: 1. Assuming that Circuit 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 Complete this question by entering your answers in the tabs below. Assuming that Circuit country 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.) Journal entry worksheet