Required information

[The following information applies to the questions displayed below.]

Sundance Systems has the following transactions during July.

July		5		Purchases 54 LCD televisions on account from Red River Supplies for $3,200 each, terms 2/10, n/30.
July		8		Returns to Red River six televisions that had defective sound.
July		13		Pays the full amount due to Red River.
July		28		Sells remaining 48 televisions from July 5 for $3,700 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.)

Journal entry worksheet Record purchase of 54 LCD televisions on account from Red River Supplies for $3,200 each, terms 2/10,n/30. Note: Enter debits before credits