Problem $6-3$B $($Algo$)$ Record transactions and prepare a partial income statement using a perpetual inventory system $($LO$6-2,6-5)$

At the beginning of June, Circuit Country has a balance in inventory of $$2,100.$ The following transactions occur during the month of June.

June $2$ Purchase radios on account from Radio World for $$1,800,$ terms $\frac{1}{15},\frac{n}{45}.$

June $4$ Pay cash for freight charges related to the June $2$ purchase from Radio World, $$220.$

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, $$3,200,$ that had a cost of $$2,300.$

June $18$ Receive payment on account from customers, $$2,200.$

June $20$ Purchase radios on account from Sound Unlinited for $$2,900,$ terms $\frac{3}{10},\frac{n}{30}.$

June $23$ Sell radios to customers for cash, $$4,400,$ that had a cost of $$2,700.$

June $26$ Return damaged radios to Sound Unimited and receive credit of $$400.$

June $28$ Pay Sound Unlimited in full.

Required:

Assuming that Circuit Country uses a perpetual inventory system, record the transactions.

Prepare the top section of the multiple$-$step income statement through gross profit for the month of June.

Complete this question by entering your answers in the tabs below.

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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.$)$

Journal entry worksheet

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Record purchase of radios on account from Radio World for $$1,800,$ terms $\frac{1}{15},\frac{n}{45}.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Dobit,Credit$],[$June $02,,$T$1,],[,,,],[,,,],[,,,],[,m,,],[,,,]]$

$($Please do both requirements$)$