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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
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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