Ched Required information Problem 6-3A Record transactions and prepare a partial income statement using a perpetual inventory system (LO6-2, 6-5) [The following information applies to the questions displayed below.) At the beginning of July. CD City has a balance in inventory of $2,650. The following transactions occur during the month of July. July 3 Purchase CDs on account from Wholesale Music for $1,55e, terms 2/10, 1/3e. July 4 Pay cash for freight charges related to the July 3 purchase from Wholesale Music, $100. July 9 Return incorrectly ordered CDs to Wholesale Music and receive credit, $3ee. July 11 Pay Wholesale Music in full. July 12 Sell CDs to customers on account, $4,300, that had a cost of $2,250. July 15 Receive full payment from customers related to the sale on July 12. July 18 Purchase CDs on account from Music Supply for $2,350, terms 2/1e, n/3e. July 22 Sell CDs to customers for cash, $3,450, that had a cost of $1,750. July 28 Return CDs to Music Supply and receive credit of $150. July 30 Pay Music Supply in full. Problem 6-3A Part 1 Required: 1. Assuming that CD City 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 Class Saved I. HUIU LOL LUCILV uses a DCINELUCI IIVETILI V SV SIET. IELUIU LIE LICI Required information View transaction list X: 1 Record purchase of CDs on account from Wholesale Music for $1,550, terms 2/10, n/30. terr 2 Record payment of cash for freight charges related to the July 3 purchase from Wholesale Music, $100. 3 Record return of incorrectly ordered CDs to Wholesale Music and recelve credit, $300. 4 Record payment to Wholesale Music in full. Cre 5 Sell CDs to customers on account, $4,300, that had a cost of $2,250. Record the sale of Inventory on account. 6 Sell CDs to customers on account, $4,300, that had a Note : journal entry has been entered Record entry Clear entry View g. Sun IU LICILLU CILV Uses a veueluar HIVETLUI V SVSEH TELUIU LIE Required information View transaction list :X: 6 Sell CDs to customers on account, $4,300, that had a cost of $2,250. Record the cost of inventory sold. 7 Record receipt of full payment from customers related to the sale on July 12. 8 Record purchase of CDs on account from Music Supply for $2,350, terms 2/10, n/30. 9 Sell CDs to customers for cash, $3,450, that had a cost of $1,750. Record the sale of inventory for cash. 10 Sell CDs to customers for cash, $3,450, that had a cost of $1,750. Record the cost of inventory sold. 11 Record return of CDs to Music Supply and receive credit Note : Journal entry has been entered Record entry Clear entry View quired information ew transaction list the sale on July 12. 8 Record purchase of CDs on account from Music Supply for $2,350, terms 2/10, n/30. 9 Sell CDs to customers for cash, $3,450, that had a cost of $1,750. Record the sale of inventory for cash. 10 Sell CDs to customers for cash, $3,450, that had a cost of $1,750. Record the cost of inventory sold. 11 Record return of CDs to Music Supply and receive credit of $150. 12 Record payment of MusicSupply in full. Note : Journal entry has been entered Record entry Clear entry