Problem 6-3A 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 July, CD City has a balance in inventory of $3,050. The following transactions occur during the month of July July 3 Purchase CDs on account from Wholesale Music for $1,950, terms 2/10, n/30. July 4 Pay cash for freight charges related to the July 3 purchase from Wholesale Music, $188. July 9 Return incorrectly ordered CDs to Wholesale Music and receive credit, $200. July 11 Pay Wholesale Music in full. July 12 Sell CDs to customers on account, $5,100, that had a cost of $2,650. July 15 Receive full payment from customers related to the sale on July 12. July 18 Purchase CDs on account from Music Supply for $2,750, terms 2/10, n/30. July 22 Sell cos to customers for cash, $3,850, that had a cost of $2,150. July 28 Return CDs to Music Supply and receive credit of $230. July 38 Pay Music Supply in full. Required information Problem 5-6A Record transactions using a perpetual system, prepare a partial income statement, and adjust for the lower of cost and net realizable value (L06-2, 6-3, 6-4, 6-5, 6-6) [The following information applies to the questions displayed below.) At the beginning of October, Bowser Co.'s inventory consists of 51 units with a cost per unit of $49. The following transactions occur during the month of October October Purchase 129 units of inventory on account fron Waluigi Co. for $50 per unit, terms 2/10, 1/30. October 5 Pay cash for freight charges related to the October 4 purchase, $714. October 9 Return 10 defective units from the October 4 purchase and receive credit. October 12 Pay Waluigi Co. in full. October 15 Sell 159 units of inventory to customers on account, $12,720. (Hint: The cost of units sold from the October 4 purchase includes $58 unit cost plus $6 per unit for freight less $1 per unit for the purchase discount, or $55 per unit.) October 19 Receive full payment from customers related to the sale on October 15. October 28 Purchase 99 units of inventory from Waluigi Co. for $69 per unit, terms 1/10, 1/30. October 22 Sell 99 units of inventory to customers for cash, 57,920. (Note: For calculating the cost of inventory sold, ignore the possible purchase discount on October