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options for the general journal lines: accounts payable, accounts receivable, advertising expense, allowance for uncollectible accounts, buildings, cash, common stock, cost of goods sold, deferred revenue, delivery, expense, equipment, freight in, gain, income tax, expense, interest, expense, interest, payable, interest receivable, interest, revenue, inventory, land, legal fees, expense, notes, payable, notes, receivable, postage expense, prepaid advertising, prepaid insurance, prepaid rent, purchase discounts, purchase returns, purchases, rent, expense, repairs and maintenance expense, retained, earnings, salaries, expense, salaries, payable, sales, allowances, sales, discounts, sales returns, sales, revenue, service fee, expense, service, revenue, supplies, supplies, expense, utilities, expense, and utilities payable.

At the beginning of July, CD City has a balance in inventory of $2,800. The following transactions occur during the month of July. July 3 Purchase CDs on account from Wholesale Music for $1,700, terms 1/10,n/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, $300. July 11 Pay Wholesale Music in full. July 12 Sell CDs to customers on account, $4,600, that had a cost of $2,400. July 15 Receive full payment from customers related to the sale on July 12. July 18 Purchase CDs on account from Music Supply for $2,500, terms 1/10,n/30. July 22 Sell CDs to customers for cash, $3,600, that had a cost of $1,908. July 28 Return CDS to Music Supply and receive credit of $180. July 30 Pay Music Suppty in fult. Required: Required: 1. Assuming that CD City uses a perpetual inventory system, record the transactiolis. 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 gross profit for the month of July. 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 gross profit for the month of July. At the beginning of July, CD City has a balance in inventory of $2,800. The following transactions occur during the month of July. July 3 Purchase CDs on account from Wholesale Music for $1,700, terms 1/10,n/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, $300. July 11 Pay Wholesale Music in full. July 12 Sell CDs to customers on account, $4,600, that had a cost of $2,400. July 15 Receive full payment from customers related to the sale on July 12. July 18 Purchase CDs on account from Music Supply for $2,500, terms 1/10,n/30. July 22 Sell CDs to customers for cash, $3,600, that had a cost of $1,908. July 28 Return CDS to Music Supply and receive credit of $180. July 30 Pay Music Suppty in fult. Required: Required: 1. Assuming that CD City uses a perpetual inventory system, record the transactiolis. 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 gross profit for the month of July. 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 gross profit for the month of July

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