3 4 Carla Vista Company commenced operations on July 1. Carla Vista Company uses a periodic inventory system. During July. Carla Vista Company was involved in the following transactions and events: July 2 Purchased $14,200 of merchandise from Suppliers Inc on account, terms 2/10./30. FOB shipping point. Returned $1.200 of merchandise to Suppliers Inc as it was damaged. Received a credit on account from Suppliers. Paid $580 of freight costs on July 2 shipment Sold merchandise for $3.000 cash. Paid Suppliers Inc. the full amount owing Sold merchandise for $6.500 on account, 1/10,n/30. FOB shipping point Received full payment for the merchandise sold on July 15. Carla Vista did a physical count and determined there was $10.400 of inventory on hand. 8 11 15 25 31 Record the transactions in Carla Vista Company's books. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (Purchase on account.)