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O Required information [The following information applies to the questions displayed below) At the beginning of June, Circuit Country has a balance in inventory of

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O Required information [The following information applies to the questions displayed below) At the beginning of June, Circuit Country has a balance in inventory of $2,400. The following transactions occur during the month of June. June 2 Purchase radios on account from Radio World for $2,100, terms 1/15, 1/45. June 4 Pay cash for freight charges related to the June 2 purchase from Radio World, $280. June 8 Return defective radios to Radio World and receive credit, $200. June 10 Pay Radio World in full. June 11 Sell radios to customers on account, $3,800, that had a cost of $2,680. June 18 Receive payment on account from customers, $2,800. June 20 Purchase radios on account from Sound Unlimited for $3,200, terns 3/10, n/30. June 23 Sell radios to customers for cash, $4,700, that had a cost of $3,000. June 26 Return damaged radios to Sound Unlimited 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. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) Answer is not complete. No Date General Journal Credit Dobit 2,100 1 June 02 Accounts Payable 2,100 2 June 04 280 Cash . 280 3 June 08 200 200 4 June 10 Accounts Payable Cash 5 June 11 Accounts Receivable 0 3,800 7 June 18 2,800 Cash Accounts Receivable 2,800 B June 20 No Transaction Recorded 9 June 23 No Transaction Recorded

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