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I only need step 2 (preparing the top section) At the beginning of June, Clrcuit Country has a balance in inventory of $2,950. The following

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I only need step 2 (preparing the top section)
At the beginning of June, Clrcuit Country has a balance in inventory of $2,950. The following transactions occur during the month of June. June 2 Purchase radios on account from Radio World for $2,650, terms 2/15, n/45. June 4 Pay cash for freight charges related to the June 2 purchase from Radio World, $399. June \& Return defective radios to Radio World and receive credit, $200. June 10 Pay Aadio World in full. June 11 Sell radios to customers on account, $4,900, that had a cost of $3,159. June 18 Receive payment on account fron customers, $3,900. June 20 Purchase radios on account from Sound Unlimited for $3,750, terms 2/10,n/30. June 23 sell radios to customers for cash, $5,250, that had a cost of $3,559. June 26 Return danaged radios to Sound Unlinited and receive credit of $400. 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

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