PLEASE HELP WITH JOURNAL ENTRYS
Wu Help Problem 6-3B Record transactions and prepare a partial income statement using a perpetual inventory system (LO6-2, 6-5) [The following information applies to the questions displayed below.) At the beginning of June, Circuit Country has a balance in inventory of $2,850. The following transactions occur during the month of June. June 2 Purchase radios on account from Radio World for $2,550, terms 2/15, n/45. June 4 Pay cash for freight charges related to the June 2 purchase from Radio World, $370. 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, $4,700, that had a cost of $3,050. June 18 Receive payment on account from customers, $3,700. June 20 Purchase radios on account from Sound Unlimited for $3,650, terms 2/10, n/30. June 23 Sell radios to customers for cash, $5,150, that had a cost of $3,450. June 26 Return damaged radios to Sound Unlimited and receive credit of $500. June 28 Pay Sound Unlimited in full. Problem 6-3B Part 1 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.) View transaction list Journal entry worksheet . 0f2 1. Assuming that Circuit Country uses a perpetual inventory system, record the transactions. (If no entry transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 19:30 ed 1 2 3 4 5 6 7 8 12 ok Record purchase of radios on account from Radio World for $2,550, terms 2/15, n/45. t nces Note: Enter debits before credits. Date General Journal Debit Credit June 02 Prey 00 of 16 Next > June 2 Purchase radios on account from Radio World for $2,550, terms 2/15, 1/45. June 4 Pay cash for freight charges related to the June 2 purchase from Radio World, $370. June 8 Return defective radios to Radio World and receive credit, $280. June 10 Pay Radio World in full. June 11 Sell radios to customers on account, $4,700, that had a cost of $3,058. June 18 Receive payment on account from customers, $3,700. June 20 Purchase radios on account from Sound Unlimited for $3,650, terms 2/10, n/30. June 23 Sell radios to customers for cash, $5,150, that had a cost of $3,450. June 26 Return damaged radios to Sound Unlimited and receive credit of $500. June 28 Pay Sound Unlimited in full. -35 Problem 6-3B Part 2 . 2. Prepare the top section of the multiple-step income statement through gross profit for the month of June. CIRCUIT COUNTRY Multiple-step Income Statement (partial) For the month of June 8 5 BRE Nort
