Required information (The following information applies to the questions displayed below.) At the beginning of July, CD City has a balance in inventory of $2,450. The following transactions occur during the month of July July 3 Purchase CDs on account from Wholesale Music for $1,350, terns 2/10, 1/30. July 4 Pay cash for freight charges related to the July 3 purchase from Wholesale Music, $110. July 9 Return incorrectly ordered CDs to Wholesale Music and receive credit, $200. July 11 Pay Wholesale Music in full. July 12 Sell cs to customers on account, 53,900, that had a cost of $2,050. July 15 Receive full payment from customers related to the sale on July 12. July 18 Purchase Cos on account from Music Supply for $2,150, terms 2/10, 1/30. July 22 Sell cos to customers for cash, $3,250, that had a cost of $1,550. July 25 Return CDs to Music Supply and receive credit of $110. 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