Problem 6-3A Record transactions and prepare a partial income statement using a system (LO6-2, 6-5) The following information applies to the questions displayed below) At the beginning of July, CD City has a balance in Inventory of $2,450. The following transactions occur during the month of July a July 3 Purchase Cos on account from Wholesale Music for $1,350, terms 2/10, n/30. July 4 Pay cash for freight charges related to the July 3 purchase from Wholesale Music, $110. July 9 Return incorrectly ordered cs to Wholesale Music and receive credit, $200. July 11 Pay Wholesale Music in full. July 12 Sell cos to customers on account, 53,900, that had a cost of $2,050. July 15 Receive full payment from customer's related to the sale on July 12. July 18 Purchase cos on account from Music Supply for $2,150, terms 2/10, 1/30 July 22 Sell cos to customers for cash, 53,250, that had a cost of $1,550. July 20 Return cos to Music Supply and receive credit of $110. July 30 Pay Music Supply in foll