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Requlred information Problem 6-3B Record transactions and prepare a partial income statement using a perpetual inventory system (LO6-2, 6-5) The following information applies to the

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Requlred information Problem 6-3B Record transactions and prepare a partial income statement using a perpetual inventory system (LO6-2, 6-5) The following information applies to the questions displayed below] At the beginning of June, Circult Country has a balance in inventory of $2350. The following transactions occur during the month of June. 2 Purchase radios on account from Radio World for $2,05e, terms 2/15, n/45 4 Pay cash for freight charges related to the June 2 purchase from Radio world, $27e 8 Return defective radios to Radio World and receive credit, $4ee June June June June 1 Pay Radio World in full. June 11 Sel1 radios to customers on account, $3,780, that had a cost of $2,55e. June 18 Receive payment on account from customers, $2,700 June 28 Purchase radios on account from Sound Unlimited for $3,15e, terms 2/18, n/30 June 23 Sel1 radios to customers for cash, $4,650, that had a cost of $2,95e. June 26 Return damaged radios to sound Unlimited and receive credit of $500 June 28 Pay Sound Unlimited in full Problem 6-3B Part 1 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 fleid.) Required: 1. Assuming that Clrcult 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.) View transaction list Journal entry worksheet 4 5 6 7 1 3 8 12 Record purchase of radios on account from Radio World for $2,050, terms 2/15, n/45 Note: Enter debits before credits. Date General Journal Debit Credit June 02 Record entry Clear entry View general journal

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