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Problem 6-3A (Algo) Record transactions and prepare a partial income statement using a perpetual inventory system (LO6-2, 6-5) At the beginning of July. CD City has a balance in inventory of $2700. The following transactions occur during the month of July. guly 4 pay cash fon freight clarges related to the 101y 3 punchate fron wholesaze Mustci size. Jaly 11 pay Nholesale nustic io furt. Ju1y 12 sell cos to custoners on account, 34, 4e9, that had a cost of 32, 3ue. lily 28 leture cos to Musie supoly and recedve endeditiof sigel. 301 y la pay merie suppiy in fuld. Requlred: 1. Assumng that CD City uses a perpetual inventory system, record the transactions. 2. Prepare the tos section of the mutupestep income statement through gross profit for the month of July Complete this question by entering your answers in the tabs below. No Joumal Entry city uses of porfetual nexentoty oyst Complete this question by entering your answers in the tabs below. Assuming that CD City uses a perpetual inventory system, record the transactions. (If no entry is required for a transaction/event, select "No Jeurnal Entry Required" in the first account field.) Problem 6-3A (Algo) Record transactions and prepare a partial income statement using a perpetual inventory system (LO2,65) At the beginning of July. CD dity has a balance in inventory of $2,700. The following transactions occur during the month of July. July 1 Purchase cos on lecount frob Wholesale Mosic for $1,600, terns 1/1e, 0/30. July a Pay cash fon freigst chargec related to the duly 1 purchase from wholesale Muste, s12e. Juty 9 hiturn incorrectiy ordered cos to wholesale Husic and receive credit, suee. Joly i1 pay Wholesale Mustic in fult zuly 12 seil cos to curtogers on aceount, $4,400 i that had a cost of $2,300. July is Receive full paytent fren custoners nelated to the sale on July 12 . 3u2y28 Purchase cos on account from Music Supply fon $2,460, tenss 1/10,n/3e. July 22 seli cos to custorens for cash, \$1.5ee. that had a cost of 31,809 . July 28 Return cos to Nasic Supply and receive credit of $160. July se Pay Mosic supply in fall. Required: 1. Assuming that CD City uses a perpetual inventory system, record the transactions 2. Prepare the top section of the multiple-step income statement through gross profit for the month of July. Complete this question by entering your answers in the tabs below. Prepare the top section of the multiple-step income statement through pross profit for the month of July