Travelers Warehouse distributes suitcases to retail stores and extends credit terms of 1/10, n/30 to all of its customers. During the month of July the following merchandising transactions occurred.
July 1 Purchased suitcases on account for $2,700 from Valise Manufacturers, terms 2/15, n/30.
3 Sold suitcases on account to The Emporium for $2,500. The cost of the merchandise sold was $1,500.
9 Paid Valise Manufacturers in full.
12 Received payment in full from The Emporium.
17 Sold suitcases on account to Bon Voyage for $2,000. The cost of the merchandise sold was $1,200.
18 Purchased suitcases on account for $1,800 (including freight) from Vektek Manufacturers, terms 1/10, n/30.
20 Received $300 credit for suitcases returned to Vektek Manufacturers.
21 Received payment in full from Bon Voyage.
22 Sold suitcases on account to Run Around for $3,120. The cost of the merchandise sold was $1,800.
30 Paid Vektek Manufacturers in full.
31 Granted Run Around $260 credit for suitcases returned costing $150.

Instructions
Journalize the transactions for the month of July for Travelers Warehouse, using a perpetual inventory system.