Options for General Journal entries are: Accounts Payable, Accounts Receivable, Cash, Cost of Goods Sold, Delivery Expense, Freight-In, Interest Revenue, Interest Receivable, Inventory (ending), Inventory (beginning), Notes Payable, Notes Receivable, Purchase Discounts, Purchase Returns, Purchase, Retained Earnings, Sales Discounts, Sales Returns, Sales Revenue, Supplies, Supplies Expense.

NOT ALL OF THE OPTIONS ABOVE WILL BE USED. ONLY SOME.

Required Informatlon [The following Information applies to the questions displayed belowj At the beginning of July, CD City has a balance in inventory of $2,650. The following transactions occur during the month of July July 3 Purchase CDs on account from Wholesale Music for $1,550, terms 2/10, n/30 July 4 Pay cash for freight charges related to the July 3 purchase from Wholesale Music, $100 July 9 Return incorrectly ordered CDs to Wholesale Music and receive credit, $300 July 11 Pay Wholesale Music in full July 12 Sell CDs to customers on account, $4,300, that had a cost of $2,250 July 15 Receive full payment from customers related to the sale on July 12. July 18 Purchase CDs on account from Music Supply for $2,350, terms 2/10, n/30 July 22 Sell CDs to customers for cash, $3,450, that had a cost of $1,750. July 28 Return CDs to Music Supply and receive credit of $150 July 30 Pay Music Supply in full 2. Record the month-end adjustment to Inventory, assuming that a final count reveals ending Inventory with a cost of $2,175. (If no entry Is required for a transactlon/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet Record period-end adjustment. Note: Enter debits before credits. Date General Journal Debit Credit July 31