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Sundance Systems has the following transactions during July. July 5 Purchases 30 LCD televisions on account from Red River Supplies for $2,000 each, terms 2/10,
Sundance Systems has the following transactions during July.
| July 5 | Purchases 30 LCD televisions on account from Red River Supplies for $2,000 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 24 televisions from July 5 for $2,500 each on account. |
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