Required information (The following information applies to the questions displayed below] At the beginning of July, CD City has a balance in inventory of $2,900. The following transactions occur during the month of July July 3 Purchase CDs on account from Wholesale Music for $1,800, terms 2/10, n/30. July 4 Pay cash for freight charges related to the July 3 purchase from Wholesale Music, $100. July 9 Return incorrectly ordered CDs to Wholesale Music and receive credit, $300. July 11 Pay Wholesale Music in ful1 July 12 Sell CDs to customers on account, $4,800, that had a cost of $2,500. July 15 Receive full payment from customers related to the sale on July 12. July 18 Purchase CDs on account from Music Supply for $2,600, terms 1/10, n/30. July 22 Sell CDs to customers for cash, $3,700, that had a cost of $2,000. July 28 Return CDs to Music Supply and receive credit of $200. July 30 Pay Music Supply in ful1. 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.) Required information Journal entry worksheet