Required information Problem 6-3A Record transactions and prepare a partial income statement using a perpetual inventory system (L06-2, 6-5) The following information applies to the questions displayed below) At the beginning of July, CD City has a balance in inventory of $3,200 The following transactions occur during the month of July July 3 Purchase CDs on account from Wholesale Music for $2,100, terns 1/10, 1/30. July 4 Pay cash for freight charges related to the July 3 purchase from Wholesale Music, $100. July 9 Return incorrectly ordered CDs to Wholesale Music and receive credit, $200. July 11 Pay Wholesale Music in full. July 12 sell CDs to customers on account, $5,400, that had a cost of $2,800. July 15 Receive full payment from customers related to the sale on July 12. July 18 Purchase CDs on account from Music Supply for $2,900, terms 1/10, n/30, July 22 Sell CDs to customers for cash, $4,000, that had a cost of $2,300. July 28 Return CDs to Music Supply and receive credit of $260. July 30 Pay Music Supply in full. 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 occount field.) View transaction ist Journal entry worksheet