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VALMI HC 4.3 PNL-u Desmos Graphin. M Mathway Precale... E Copy of So ter 6 Homework Sted Help Sa O of 2 Required information (The
VALMI HC 4.3 PNL-u Desmos Graphin. M Mathway Precale... E Copy of So ter 6 Homework Sted Help Sa O of 2 Required information (The following information applies to the questions displayed below) At the beginning of July. CD City has a balance in inventory of $3,100. The following transactions occur during the month of July. ook July 3 Purchase CDs on account from Wholesale Music for $2,000, terms 1/10,n/30. July 4 Pay cash for freight charges related to the July 3 purchase from Wholesale Music, $110. July 9 Return incorrectly ordered CDs to Wholesale Music and receive credit, $300. July 11 Pay Wholesale Music in full. July 12 Sell CDs to customers on account, $5,200, that had a cost of $2,700. July 15 Receive full payment from customers related to the sale on July 12. July 18 Purchase CDs on account from Music Supply for $2,800, terms 1/10, 1/30. July 22 Sell CDs to customers for cash, $3,900, that had a cost of $2,200. July 28 Return CDs to Music Supply and receive credit of $240. July 30 Pay Music Supply in full. int 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.) Fences View transaction list Journal entry worksheet 8 12 Nort
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