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Sundance Systems has the following transactions during July. July 5 Purchases 46 LCD televisions on account from Red River Supplies for $2,800 each, terms 2/10,

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Sundance Systems has the following transactions during July. July 5 Purchases 46 LCD televisions on account from Red River Supplies for $2,800 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 40 televisions from July 5 for $3,300 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.) View transaction list Journal entry worksheet Purchases 46 LCD televisions on account from Red River Supplies for $2,800 each, terms 2/10, n/30 Note: Enter debits before credits Date Debit Credit July 05 Inventory Accounts payable Record entry Clear entry View general journal

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