of $3,000. The P6-38 At the beginning of June, Circuit Country has a balance in inventory 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. P6-9B Refer to the transactions of Circuit Country in P6-3B. Required: 1. Assuming that Circuit Country uses a periodic inventory system, record the transactions. 2. Record the month-end adjustment to inventory, assuming that a final count reveals ending inventory with a cost of $2,078