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Saved Required information [The following information applies to the questions displayed below) At the beginning of July, CD City has a balance in inventory of
Saved 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 Parehase CDs on sccount from Wholesale Music for $1,900, torna 1/10, 1/30. July 4 Pay cash for freight charges related to the July purchase from Wholesale Maste, $120. JulyReturn incorrectly ordered cow to Wholesale Munle and receive credit, 5400. July 11 Pay Wholesale Musie in full. July 12 Bell CDs to customers on account, $5,000, that had a cost of $2,600. July 15 Receive full payment from customers related to the sale on July 12. July 18 Purchase CDs on account from Musie Supply for $2,700, terns i/io, /30. July 22 sell cos to customers for cash, $3,800, that had a cost of $2,100. July 28 Return Couto Musie Supply and receive credit of $220. July 10 Pay Music Supply in full. Required: 1. Assuming that CD City uses a perpetual inventory syste rece select "No Journal Entry Required in the first account field.) the transactions. If no entry is required for a transactie action/event View transaction et Journal entry worksheet 1 6 7 12 > Record purchase of CDs on account from Wholesale Music 1/10, 1/30 $1,900, terms Note: Enter debits before credits General Journal Date July 09 Debat Credit Vaara uma of 10 Next > MacBook Pro 81 FI F2 900 F4 D FS F6 F7 @ $ %
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