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Record transactions using a perpetual system (106-5) E6-10 Sundance Systems has the following transactions during July July 5 Purchases 40 LCD televisions on account trom

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Record transactions using a perpetual system (106-5) E6-10 Sundance Systems has the following transactions during July July 5 Purchases 40 LCD televisions on account trom Red River Supplies for $2,500 each, terms 3/10,n30 July Returns to Red River two televisions that had defective sound July 13 Pays the full amount due to Red River July 28 Sells remaining 38 televisions from July 5 for $3,000 each on account Required Record the transactions of Sundance Systems, assuming the company is a perpetual inventory system Record transactions using a perpetual system (L06-5)

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