Required information [The following information applies to the questions displayed below.] At the beginning of July, CD City has a balance in inventory of $3,000. The following transactions occur during the month of July. July 3 Purchase CD on account from wholesale Music for $1,900, terma 1/10,n/30. Suly 4 Pay cash for freight charges related to the july 3 purchase from hholesale Music, $120. July 9 Return incorrectiy ordered CDo to Wholesale Muilo and recelve oredit, 5400. July 11 Pay Wholesale Music in full. Jaly 12 sell cos to customers on account, $5,000, that had a cost of $2,600. July 15 Recelve full payment from cuatomers related to the nale on July 12 . July 18 purchase CDs on account from Music supply for $2,700, terma 1/10,n/30. July 22 sel1 CDE to customers for cash, $3,800, that had a cost of $2,100. . July 28 Return CDs to Music supply and receive eredit of $220. July 30 Pay Musie supply in fall. equired: Assuming that CD City uses a perpetual inventory system, record the transactions. (If no entry is required for a transaction/event, fect "No Journal Entry Required" in the first account field.) Journal entry worksheet Record purchase of CDs on account from Wholesale Music for $1,900, terms 1/10,n/30. Note: Enter debits before credits. Journal entry worksheet 68812 Record payment of cash for freight charges related to the July 3 purchase from Wholesale Music, $120. Note: Enter debits before credits. Journal entry worksheet 567812 Record return of incorrectly ordered CDs to Wholesale Music and receive credit, $400, Note: Enter debits before credits. Journal entry worksheet 1. 2 5 Record payment to Wholesale Music in full. Note: Enter debits before credits. Journal entry worksheet Sell CDs to customers on account, $5,000, that had a cost of $2,600. Record the sale of inventory on account. Note: Enter debits before credits. Journal entry worksheet Sell CDs to customers on account, $5,000, that had a cost of $2,600. Record the cost of inventory sold. Note: Enter debits before credits. Journal entry worksheet 12456612 Note: Enter debits before credits. Journal entry worksheet 234567 Record purchase of CDs on account from Music Supply for $2,700, terms 1/10, n/30. Note: Enter debits before credits. Journal entry worksheet 4567812 Sell CDs to customers for cash, $3,800, that had a cost of $2,100. Record the sale of inventory for cash. Note: Enter debits before credits. Journal entry worksheet 15789 Sell CDs to customers for cash, $3,800, that had a cost of $2,100. Record the cost of inventory sold. Note: Enter debits before credits. Journal entry worksheet Record return of CDs to Music Supply and receive credit of $220. Note: Enter debits before credits. Journal entry worksheet