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Does anyone see what I am missing? Sundance Systems has the following transactions during July. July 5 Purchases 30 LCD televisions on account from Red
Does anyone see what I am missing?
Sundance Systems has the following transactions during July. July 5 Purchases 30 LCD televisions on account from Red River Supplies for $2,000 each, terms 2/10, n/30. July 8 Returns to Red River six televisions that had defective sound. July 13 Pays the full amount due to Red River. July 28 Sells remaining 24 televisions from July 5 for $2,500 each on account. Required: 1. Record the transactions of Sundance Systems, assuming the company uses a periodic inventory system. 2. Record the period-end adjusting entry to cost of goods sold on July 31 , assuming the company has no beginning inven Answer is not complete. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Record the transactions of Sundance Systems, assuming the company uses a periodic inventory system. (If no entry i required for a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. Complete this question by entering your answers in the tabs below. Record the period-end adjusting entry to cost of goods sold on July 31, assuming the company has no beginning inventory. no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. )Step by Step Solution
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