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Sundance Systems has the following transactions during July. July 5 Purchases 42 LCD televisions on account from Red River Supplies for $2,600 each, terms 2/10,

Sundance Systems has the following transactions during July.

July 5 Purchases 42 LCD televisions on account from Red River Supplies for $2,600 each, terms 2/10, 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 38 televisions from July 5 for $3,100 each on account.

Record the transactions of Sundance Systems, assuming the company uses a perpetual inventory system

image text in transcribed Sundance Systems has the following transactions during July. July 5 Purchases 42 LCD televisions on account from Red River Supplies for $2,600 each, terms 2/10, 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 38 televisions from July 5 for $3,100 each on account. Required: Record the transactions of Sundance Systems, assuming the company uses a perpetual inventory system. (If no entry is required for transaction/event, select "No Journal Entry Required" in the first account field.)

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