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 & 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. 2. Record the period-end adjustment to cost of goods sold on July 31, assuming the company has no beginning or ending inve no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record period-end adjustment. Note Enter debits before credits General Journal Debit Credit Dato July 31