Question: i filled in the right column not sure if right nor do i know calculations (The following information applies to the questions displayed below) At
(The following information applies to the questions displayed below) At the beginning of June, Circuit Country has a balance in inventory of $2,850. The following transactions occur during the month of June 2 June 2 Purchase radios on account from Radio World for $2,550, terms 2/15, n/45. June 4 Pay cash for freight charges related to the June 2 purchase from Radio World, $370. June 8 Return defective radion to Radio World and receive credit, $200. June 10 Pay Radio World in full. June 11 Sell radios to customers on account, $4,700, that had a cost of $3,050. June 18 Receive payment on account from customers, $3,700. June 20 Purchase radion on account from Sound Unlimited for $3,650, terms 2/10, n/30. June 23 Sell radios to customers for cash, $5,150, that had a cost of $3,450. June 26 Return damaged radios to Sound Unlimited and receive credit of $500. June 28 Pay Sound Unlimited in full. OR inces Problem 6-3B Part 2 2. Prepare the top section of the multiple-step income statement through gross profit for the month of June. CIRCUIT COUNTRY Multiple-stop income Statement (partial) For the month of June Net Sales Sales Revenue Cost of Good Sold Gross Profit
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