Whispering Winds Home Electronics Corp. completed the following merchandising transactions in the month of July $2024.$ At the beginning of July. Whispering Winds's ledger showed Cash $$30,000$; Accounts Receivable $$13,500$; Inventory $$16,500$; Common Shares $$27,000$; and Retained Earnings $$33,000.$ Whispering Winds Home has experienced a return rate of $2\%$ of sales and uses a perpetual inventory system.

July $2$ Sold merchandise on account to Home Security Ltd$.$ for $$13,500,$ terms $\frac{n}{45},$ FOB destination. The cost of the merchandise was $$9,000.$

$2$ Freight charges of $$300$ were paid by the appropriate party on the merchandise sold.

$4$ Purchased merchandise on account from AI Gadgets Inc for $$21,000,$ terms $\frac{2}{10}.$ n$/30,$ FOB shipping point.

$5$ Freight charges of $$750$ were paid by the appropriate party on the merchandise purchased on July $4.$

$8$ Collected $$4,500$ of the accounts receivable outstanding at the beginning of the month. All accounts were originally sold on terms of $\frac{n}{30}.$

$9$ Paid a $$270$ cash refund to customers for returned merchandise The cost of the returned merchandise was $$90.$ It was restored to inventory.

$11$ Received a $$1,200$ credit from AI Gadgets when merchandise was returned.

$13$ Sold merchandise to various customers for $$10,500$ cash The cost of the merchandise was $$3,000.$

$16$ Purchased merchandise from Virtual Trainers Inc for $$18,000,$ terms $\frac{N}{30},$ FOB destination.

$17$ Freight of $$300$ was paid by the appropriate party on the July $16$ purchase of merchandise

$18$ Paid Al Gadgets in full.

$27$ Received payment in full from Home Security Ltd$.$ for merchandise sold on account on July $2.$

$30$ Purchased supplies for $$2\mathrm{.}100$ cash.

$31$ A physical inventory count was taken and determined that there was $$42,000$ of inventory on hand. Prepare any adjustment required.