! Required information [The following information applies to the questions displayed below.) At the beginning of June, Circuit Country has a balance in inventory of $3,000. The following transactions occur during the month of June. June 2 Purchase radios on account from Radio World for $2,700, terms 1/15, n/45. June 4 Pay cash for freight charges related to the June 2 purchase from Radio World, $400. 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, $5,000, that had a cost of $3,200. June 18 Receive payment on account from customers, $4,000. June 20 Purchase radios on accou from Sound'Unlimited for $3,800, terms 3/10, n/30. June 23 Sell radios to customers for cash, $5,300, that had a cost of $3,600. June 26 Return damaged radios to Sound Unlimited and receive credit of $500. June 28 Pay Sound Unlimited in full. 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.) Required information Journal entry worksheet Record payment of cash for freight charges related to the June 2 purchase from Radio World, $400. Note: Enter debits before credits. Date General Journal Debit Credit June 04 Record entry Clear entry View general journal Required information Journal entry worksheet Record return of defective radios to Radio World and receive credit, $400. Note: Enter debits before credits Date General Journal Debit Credit June 08 Record entry Clear entry View general journal ! Required information Journal entry worksheet Sell radios to customers on account, $5,000, that had a cost of $3,200. Record the cost of inventory sold. Note: Enter debits before credits. Date General Journal Debit Credit June 11 Record entry Clear entry View general journal Required information Journal entry worksheet Record receipt of payment on account from customers, $4,000. Note: Enter debits before credits. Date General Journal Debit Credit June 18 Record entry Clear entry View general journal Required information Journal entry worksheet