On July 1, Racquets Plus had an inventory of 20 tennis racquets at a cost of $125 each. Racquets Plus uses a perpetual inventory system. During the month of July, the following transactions occurred: Jul 4 Purchased 25 racquets at a cost of $125 each from the Tennis Gear Corporation, terms 2/10, 1/30. 5 Paid freight of $100 on the July 4 purchase. 6 Sold 10 racquets from the July 1 inventory to Team Canada for $225 each, terns 2/10, n/30. 7 Received a credit from Tennis Gear for the return of 2 defective racquets. 8 Sold two racquets from the July 1 inventory for $550 cash. 13 Issued a credit memo to Team Canada for the return of a defective racquet. 14 Paid Tennis Gear in full. 15 Received payment from Team Canada. Instructions Record the July transactions for Racquets Plus