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July 3 Purchase CDs on account from Wholesale Music for $1,900, terms 1/10, n/30. July 4 Pay cash for freight charges related to the

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July 3 Purchase CDs on account from Wholesale Music for $1,900, terms 1/10, n/30. July 4 Pay cash for freight charges related to the July 3 purchase from Wholesale Music, $120. July 9 Return incorrectly ordered CDs to Wholesale Music and receive credit, $400. July 11 Pay Wholesale Music in full. July 12 Sell CDs to customers on account, $5,000, that had a cost of $2,600. July 15 Receive full payment from customers related to the sale on July 12. July 18 Purchase CDs on account from Music Supply for $2,700, terms 1/10, n/30. July 22 Sell CDs to customers for cash, $3,800, that had a cost of $2,100. July 28 Return CDs to Music Supply and receive credit of $220. July 30 Pay Music Supply in full. 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 Journal entry worksheet 2 3 4 5 6 7 8 12 Record purchase of CDs on account from Wholesale Music for $1,900, terms 1/10, n/30. Note: Enter debits before credits. Date July 03 General Journal Debit Credit Record entry Clear entry View general journal < Prev 14 of 15 Next A

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