Ayayai Home Electronics Corp. completed the following merchandising transactions in the month of July 2024. At the beginning of July, Ayayai's ledger showed Cash $31,000; Accounts Receivable $13,950; Inventory $17,050; Common Shares $27,900; and Retained Earnings $34,100. Ayayai Home has experienced a return rate of 2% of sales and uses a perpetual inventory system. July 2 Sold merchandise on account to Home Security Ltd. for $13,950, terms n/45, FOB destination. The cost of the merchandise was $9,300. 2 4 5 8 9 11 13 16 17 18 27 30 Freight charges of $310 were paid by the appropriate party on the merchandise sold. Purchased merchandise on account from Al Gadgets Inc. for $21,700, terms 2/10. n/30, FOB shipping point. Freight charges of $775 were paid by the appropriate party on the merchandise purchased on July 4. Collected $4,650 of the accounts receivable outstanding at the beginning of the month. All accounts were originally sold on terms of n/30. Paid a $280 cash refund to customers for returned merchandise. The cost of the returned merchandise was $90. It was restored to inventory. Received a $1,240 credit from Al Gadgets when merchandise was returned. Sold merchandise to various customers for $10,850 cash. The cost of the merchandise was $3,100. Purchased merchandise from Virtual Trainers Inc. for $18,600, terms n/30, FOB destination. Freight of $310 was paid by the appropriate party on the July 16 purchase of merchandise. Paid Al Gadgets in full. Received payment in full from Home Security Ltd. for merchandise sold on account on July 2. Purchased supplies for $2,170 cash. E

Ayayai Home Electronics Corp. completed the following merchandising transactions in the month of July 2024 . At the beginning of July. Ayayai's ledger showed Cash $31,000; Accounts Receivable $13,950; Inventory $17,050; Common Shares $27,900; and Retained Earnings $34,100. Ayayal Home has experienced a return rate of 2% of sales and uses a perpetual inventory system. July 2 Sold merchandise on account to Home Security Ltd. for $13,950, termis n/45, FOB destination. The cost of the merchandise was $9,300. 2. Freight charges of $310 were paid by the appropriate party on the merchandise sold. 4 Purchased merchandise on account from Al Gadgets Inc. for $21,700, terms 2/10,n/30, FOB shipping point. 5 Freight charges of $775 were paid by the appropriate party on the merchandise purchased on July 4. 8 Collected $4,650 of the accounts receivable outstanding at the beginning of the month. All accounts were originally sold on terms of n/30. 9. Paid a $280 cash refund to customers for returned merchandise. The cost of the returned merchandise was $90. It was restored to inventory. 11 Received a \$1,240 credit from Al Gadgets when merchandise was returned. 13 Sold merchandise to various customers for $10,850 cash. The cost of the merchandise was $3,100. 16 Purchased merchandise from Virtual Trainers Inc. for $18,600, terms N/30, FOB destination. 17 Freight of $310 was paid by the appropriate party on the July 16 purchase of merchandise. 18 Pald Ai Grdgets infull 27 Recelved payment in full from Home Security Ltd. for merchandise sold on account on July 2. 30 Purchased supplies for $2.170cash