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how do I finish that? There are not gross profit option. [The following information applies to the questions displayed below. At the beginning of June,
how do I finish that? There are not gross profit option.
[The following information applies to the questions displayed below. At the beginning of June, Circuit Country has a balance in inventory of $3,000. The following transactions occur during the month of June. June 2 Purchase radios on account from Radio World for $2,700, terms 1/15, n/45. June 4 Pay cash for freight charges related to the June 2 purchase from Radio World, $400. June 8 Return defective radios to Radio World and receive credit, $400. June 10 Pay Radio World in full. June 11 Sell radios to customers on account, $5,000, that had a cost of $3,200. June 18 Receive payment on account from customers, $4,000. June 20 Purchase radios on account from Sound Unlimited for $3,800, terms 3/10, n/30. June 23 Sell radios to customers for cash, $5,300, that had a cost of $3,600. June 26 Return damaged radios to Sound Unlimited and receive credit of $500. June 28 Pay Sound Unlimited in full 13 00 points 2. Prepare the top section of the multiple-step income statement through gross profit for the month of June Answer is not complete. CIRCUIT COUNTRY Multiple-step Income Statement (partial) For the month of June 0,300 6,800 Net sales Cost of good soldStep by Step Solution
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