Flounder Home Electronics Corp. completed the following merchandising transactions in the month of July $2024.$ At the beginning of July, Flounder's ledger showed Cash $$18,000$; Accounts Receivable $$8,100$; Inventory $$9,900$; Common Shares $$16,200$; and Retained Earnings $$19,800.$ Flounder Home has experienced a return rate of $2\%$ of sales and uses a perpetual inventory system.July $2$ Sold merchandise on account to Home Security Ltd$.$ for $$8,100,$ terms n$/45,$ FOB destination. The cost of the merchandise was $$5,400\mathrm{.}2$ Freight charges of $$180$ were paid by the appropriate party on the merchandise sold$\mathrm{.}4$ Purchased merchandise on account from Al Gadgets Inc. for $$12,600,$ terms $2/10.$ n$/30,$ FOB shipping point$\mathrm{.}5$ Freight charges of $$450$ were paid by the appropriate party on the merchandise purchased on July $4\mathrm{.}8$ Collected $$2,700$ of the accounts receivable outstanding at the beginning of the month. All accounts were originally sold on terms of n$/30\mathrm{.}9$ Paid a $$160$ cash refund to customers for returned merchandise. The cost of the returned merchandise was $$50.$ It was restored to inventory$\mathrm{.}11$ Received a $$720$ credit from Al Gadgets when merchandise was returned$\mathrm{.}13$ Sold merchandise to various customers for $$6,300$ cash. The cost of the merchandise was $$1,800\mathrm{.}16$ Purchased merchandise from Virtual Trainers Inc. for $$10,800,$ terms n$/30,$ FOB destination$\mathrm{.}17$ Freight of $$180$ was paid by the appropriate party on the July $16$ purchase of merchandise$\mathrm{.}18$ Paid Al Gadgets in full$\mathrm{.}27$ Received payment in full from Home Security Ltd$.$ for merchandise sold on account on July $2\mathrm{.}30$ Purchased supplies for $$1,260$ cash$\mathrm{.}31$ A physical inventory count was taken and determined that there was $$25,200$ of inventory on hand. Prepare any adjustment required.SUPPORT$-4\backslash$deg CCloudyENG