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sundance systems has the following transactions during july july 5 purchases 54 lcd 3621394

Sundance Systems has the following transactions during July.


July   5

Purchases 54 LCD televisions on account from Red River Supplies for $3,200 each, terms 2/10, n/30.

July   8 Returns to Red River six televisions that had defective sound.
July 13 Pays the full amount due to Red River.
July 28 Sells remaining 48 televisions purchased on July 5 for $3,700 each on account.



Record the transactions of Sundance Systems, assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select “No journal entry required” in the first account field.)


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