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Sundance Systems has the following transactions during July. July 5 Purchases 52 LCD televisions on account from Red River supplies for $3,100 each, terms 4/10,

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Sundance Systems has the following transactions during July. July 5 Purchases 52 LCD televisions on account from Red River supplies for $3,100 each, terms 4/10, n/30. July 8 Returns to Red River two televisions that had defective sound. July 13 Pays the full amount due to Red River. July 28 Sells remaining 50 televisions from July 5 for $3,600 each on account. Required: Record the transactions of Sundance Systems, assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 5 Record purchase of 52 LCD televisions on account from Red River Supplies for $3,100 each, terms 4/10,n/30. Note: Enter debits before credits. Journal entry worksheet Record the return to Red River of two televisions that had defective sound. Note: Enter debits before credits. Journal entry worksheet

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