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 $2,750 of inventory from Lancaster Inc., money will be paid in the future 2. Jul2, 2018 Business sold $1,200 inventory to Samo's Ltd, the cost is $450, the money will be received in the future. 3. Jul 15, 2018 Business paid the Lancaster Inc. in full 4. Jul17. 2018 Business purchased $6,000 of inventory from Power Electric Inc. paid in cash 5. Jul 18, 2018 Business received Samo's money in full 6. Jul20, 2018 Business purchased inventory S2,900 from ZEE Enterprise, the money will be paid in the future 7. Jul21, 2018 Business found defective product, so returned 5350 inventory to ZEE