! Required information [The following information applies to the questions displayed below.) At the beginning of July, CD City has a balance in inventory of $3,350. The following transactions occur during the month of July July 3 Purchase CDs on account from Wholesale Musie tor $2,250, terma 2/10, 1/30. July Pay cash for freight charges related to the July 3 purchase fron Wholesale music, $100. July 9 Return incorrectly ordered cos to Wholesale Mbic and receive credit, $200. July 11 Pay Wholesale Music in full. July 12 Sell CDs to customers on account, $5,700, that had a cost of $2,950. July 15 Receive full payment from customer related to the sale on July 12. July 18 Purchase CDs on account from Music Supply for $3,050, terns 2/10, n/30. July 22 Sell cs to customers for cash, $4,150, that had a cost of $2,450. July 28 Return cos to Manic Supply and receive credit of $290. July 30 Pay 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 list Journal entry worksheet 1 2 6 7 8 12 Record purchase of CDs on account from Wholesale Music for $2,250, terms 2/10, 1/30.