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[The following information applies to the questions displayed below.] At the beginning of June, Circuit Country has a balance in Inventory of $2,050. The following

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[The following information applies to the questions displayed below.] At the beginning of June, Circuit Country has a balance in Inventory of $2,050. The following transactions occur during the month of June. June 2 Purchase radios on account from Radio World for $1,750, terms 2/15, n/45. June 4 Pay cash for freight charges related to the June 2 purchase from Radio World, $210. June 8 Return defective radios to Radio World and receive credit, $200. June 10 Pay Radio World in full. June 11 Sell radios to customers on account, $3,189, that had a cost of $2,250. June 18 Receive payment on account from customers, $2,100. June 2e Purchase radios on account from Sound Unlimited for $2,850, terms 2/10, n/30. June 23 Sell radios to customers for cash, $4,35e, that had a cost of $2,650. June 26 Return damaged radios to Sound Unlimited and receive credit of $500. June 28 Pay Sound Unlimited in full. 2. Record the month-end adjustment to Inventory, assuming that a final count reveals ending Inventory with a cost of $1,182. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account fleld.) View transaction list Journal entry worksheet

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