C N N Please make accounting entries for the following transactions(please also show me calculation if there is amount you need to calculate): 1. Jul1, 2018 Business bought $2,000 of inventory from Lancaster Inc., money will be paid in the future 2. Jul2, 2018 Business sold $900 inventory to Mike's Ltd, the cost is $350, the money will be received in the future. 3. Jul 15, 2018 Business paid the Lancaster Inc. in full 4. Jul 17, 2018 Business purchased $600 of inventory from Power Electric In. paid in cash 5. Jul18, 2018 Business received Mike's money in full 6. Jul20, 2018 Business purchased inventory $2,700 from ZEE Enterprise, the money will be paid in the future 7 Jul21, 2018 Business found defective product , so returned $200 inventory to ZEE