Problem 6-9B (Algo) Record transactions and prepare a partial income statement using a periodic inventory system (LO6-8) At the beginning of June, Circuit Country has a balance in inventory of $2,900. The following transactions occur during the month June. June 2 Purchase radios on account from Radio World for $2,600, terms 1/15,n/45. June 4 Pay cash for freight charges related to the June 2 purchase from Radio World, \$380. 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, $4,500, that had a cost of $3,100. June 18 Receive payment on account from custoiners, $3,800. June 20 Purchase radios on account from Sound Unlimited for $3,700, terms 2/10, n/30. June 23 Sell radios to customers for cash, $5,200, that had a cost of $3,500. June 26 Return damaged radios to Sound Unlimited and receive credit of $300. June 28 Pay Sound Unlimited in full. Required: 1. Assuming that Circuit Country uses a periodic inventory system, record the transactions. 2. Record the month-end adjusting entry to inventory, assuming that a final count reveals ending inventory with a cost of $2,388. 3. Prepare the top section of the multiple-step income statement through gross profit for the month of June. Complete this question by entering your answers in the tabs below. Assuming that Circuit Country uses a periodic inventory system, record the transactions. (If no entry is required for a particular transaction, select "No Journal Entry Required" in the first account field.)