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July 5 Purchases 28 LCD televisions on account from Red River Supplies for $1,900 each, terms 3/10, n/30. July 8 Returns to Red River three
July 5 Purchases 28 LCD televisions on account from Red River Supplies for $1,900 each, terms 3/10, n/30. July 8 Returns to Red River three televisions that had defective sound. July 13 Pays the full amount due to Red River. July 28 Sells remaining 25 televisions from July 5 for $2,400 each on account. Required: Record the transactions of Sundance Systems, assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record purchase of 28 LCD televisions on account from Red River Supplies for $1,900 each, terms 3/10, n/30. Note: Enter debits before credits. Date General Journal Debit Credit July 05 Record entry Clear entry View general journal
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