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Problem 6-9B Record transactions and prepare a partial income statement using a periodic inventory system (L06-8) The following information applies to the questions displayed below.)

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Problem 6-9B Record transactions and prepare a partial income statement using a periodic inventory system (L06-8) The following information applies to the questions displayed below.) At the beginning of June, Circuit Country has a balance in inventory of $2,350. The following transactions occur during the month of June. Purchase radios on account from Radio World for $2,050, terms June 2 2/15, 1/45. June Pay cash for freight charges related to the June 2 purchase from Radio World, $270. June 8 Return defective radios to Radio World and receive credit, $400. June 10 Pay Radio World in full. June 11 Sell radios to customers on account, $3,708, that had a cost of $2,558. June 18 Receive payment on account from customers, $2,700. June 20 Purchase radios on account from Sound Unlimited for $3,150, terms 2/10, June 23 Sell radios to customers for cash, $4,650, that had a cost of $2,950. June 26 Return damaged radios to Sound Unlimited and receive credit of $500. June 28 Pay Sound Unlimited in full. Problem 6-9B Part 2 2. Record the month-end adjustment to inventory, assuming that a final count reveals ending inventory with a cost of $1,334. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction fist Journal entry worksheet

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