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Required information [The following information applies to the questions displayed below.] Sundance Systems has the following transactions during July. July 5 Purchases 32 LCD
Required information [The following information applies to the questions displayed below.] Sundance Systems has the following transactions during July. July 5 Purchases 32 LCD televisions on account from Red River Supplies for $2,100 each, terms 3/10, n/30. July 8 Returns to Red River four televisions that had defective sound. July 13 Pays the full amount due to Red River. July 28 Sells remaining 28 televisions from July 5 for $2,600 each on account. Required: 1. Record the transactions of Sundance Systems, assuming the company uses a periodic 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 < 1 2 3 4 5 Record purchase of 32 LCD televisions on account from Red River Supplies for $2,100 each, terms 3/10, n/30. Note: Enter debits before credits. Date July 05 General Journal Debit Credit
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