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Assuming that CD City uses a periodic inventory system, record the transactions. (If no entry is required for a particular transaction, select "No Journal Entry Required" in the first account field.) Complete this question by entering your answers in the tabs below. Record the month-end adjusting entry to inventory, assuming that a final count reveals ending inventory with a cost of \$2,553. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Problem 6-9A (Algo) Record transactions and prepare a partial income statement using a periodic inventory system (LO6-8) At the beginning of July, CD City has a balance in inventory of $3,100. The following transactions occur during the month of July. July 3 Purchase cos on accoant from wholesale Music for $2,000, terms 1/10,n/30. July 4 pay caph for freight charges related to the July 3 purchase from wholesale Kusic, silo. July 9 Return fneorrectly ordered CDs to Wholesale Masid and recelpt of oredit, $300. Jaly 11 pay Wholesale Masie in full. July 12 sell cos to customers on account, $5,200, that had a cost of $2,700. July 15 Recelve futl paynent from cuntomers related to the sale on July 12. July 18 Purchase con on account fron Masie Supply for $2,800, terms 1/10, n/30. July 22 sel1 CDs to customeri for cash, $3,900, that had a cost of $2,200. Jaly 28 Return CDB, to Music supply and receive credit of $240. July 30 pay Masle supply in full. Required: 1. Assuming that CD City uses a periodic inventory system, record the transactions: 2. Record the month-end adjusting entry to inventory, assuming that a final count reveals ending inventory with a cost of $2,553 3. Prepare the top section of the multiple-step income statement through gross profit for the month of July. Prepare the top section of the multiple-step income statement through gross profit for the month of July