Required Information Problem 6-9B Record transactions and prepare a partial income statement using a periodic inventory system (LO6-8) [The following Information applies to the questions displayed below.] At the beginning of June, Circuit Country has a balance in Inventory of $2,600. The following transactions occur during the month of June. June 2 Purchase radios on account from Radio World for $2,300, terms 1/15, n/45. June 4 Pay cash for freight charges related to the June 2 purchase from Radio World, $320. 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, $4,200, that had a cost of $2,800. June 18 Receive payment on account from customers, $3,200. June 28 Purchase radios on account from Sound Unlimited for $3,400, terms 3/10, n/30. June 23 Sell radios to customers for cash, $4,900, that had a cost of $3,200.. June 26 Return damaged radios to Sound Unlimited and receive credit of $300. June 28 Pay Sound Unlimited in full. Problem 6-9B Part 1 Required: 1. 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.) No 1 Date June 02 Purchases Accounts Payable 2 June 04 Freight-in Cash 3 June 08 4 June 10 10 5 June 11 6 June 11 Accounts Payable Inventory Accounts Payable Purchase Discounts Cash Accounts Receivable Sales Revenue Cost of Goods Sold Inventory 7 June 18 Cash Accounts Receivable 8 June 20 Purchases Accounts Payable 9 June 23 Cash 10 June 23 11 June 26 12 June 28 Sales Revenue Cost of Goods Sold Inventory Accounts Payable Cash Accounts Payable Inventory Answer is not complete. General Journal Debit Credit 2,300 2,300 00 00 000 00 00 ** 10 320 320 200 200 2,058 158 42 4,200 4,200 2,800x 2,800 3,200 3,200 3,400 3,400 4,900 4,900 3,200 3,200 300 300 1,050 1,050