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7. Sandy Electronics and Supply has the following transactions in July related to the purchase of merchandise inventory. (i) (Click the icon to view the

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7. Sandy Electronics and Supply has the following transactions in July related to the purchase of merchandise inventory. (i) (Click the icon to view the transactions.) Jul. 1: Purchase of $20,500 worth of computers on account, term of 2/10,n/30, from Best Computers. More info \begin{tabular}{ll} \hline July 1 & Purchaseof$20,500worthofcomputersonaccount,termof2/10,n/30,fromBestComputers. \\ July 3 & Return of $4,000 of the computers to Best Computers. \\ July 9 & Payment made on account to Best Computers. \\ \hline \end{tabular}

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