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Sundance Systems has the tollowing transactions during July July 5 Purchases 46 LCD televisions on account from Red River Supplies for $2.800 each, terms 2/10,
Sundance Systems has the tollowing 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& Reurns to Red River six televisions that had defective sound July 13 Pays the fuil amount due to Red River July 28 Sells remaning 40 televisions from July 5 for 53.300 each en account Required Record thtransactions et Sundance Systems assuming the company uses a perpetual inventory sytem ino entry-required for a transact enlevent, select No journal entry required in the first account Aeeeunts payable Acoots payable y 13 Accounis payat Juy 20 Cost of goods sole
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