part 1

part 2

Check my w 2 Required information [The following information applies to the questions displayed below) At the beginning of July. CD City has a balance in inventory of $2,600. The following transactions occur during the month of July July Purchase CDs on account tron Wholesale Musle for $1.500, terns 1/10, n/30. July Pay cash for freight charges related to the July ) purchase tron Wholesale Music, $110. July 9 Return Incorrectly ordered cs to Wholesale Music and receive credit, $200. July 21 Pay Wholesale Music in full. July 12 soll is to customers on account, $4.200, that had a cost of $2,200. July 15 Receive tull payment from customers related to the sale on July 12. July 18 Purchase CDs on account from Hunte Supply for $2,300, terns 1/10, 1/30. July 22 Soll ce to customers for cash, 53,400, that had a cost of $1,700. July 28 Return Ce to Music Supply and receive credit of $140. July 30 Day 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 ist View journal entry worksheet Credil General Journal No Date Debi 1,500 1 July 03 Inventory Accounts Payable 1500 Required information The following information applies to the questions displayed below) At the beginning of July. CD City has a balance in inventory of 52,600. The following transactions occur during the month of July July: Purchase cos on out from wholesale mie for $3.500. te 1/10, 1/30 duly Pay cash for freight charges related to the toy se trade. 1.10. July 9 Mes correctly ordered to blessie Music and receive credit, 1200. July 1l vey Wholesale Monte in full July 12 seil costo customers on account, $4,200, that had out at 1.200 July 15. Receive full payment from customer related to the sale on July 1a. Joly 18 Turchase CDs on account from Musle Supply for $2.100, 110, 1/30 July 22 selles to customers for cash, $3,400, that had a cost of $1,700 July 28 leturn coa to sto supply and receive credito D. July 30 Day Music Supply in toll. 2. Prepare the top section of the multiple-step income statement through gross profit for the month of Answer is not complete CD CITY Multiple stap income Statement partian For the month of July Net Cost of Goods Sold Accounts Payable OOO