Help Save & Exit Sum Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to quest 5 Required information of 2 [The following information applies to the questions displayed below.] Sundance Systems has the following transactions during July. July 5 Purchases 60 LCD televisions on account from Red River Supplies for $3,500 each, terme 1/10, n/30. 8 Returns to Red River five televisions that had defective sound. July July 13 Pays the full amount due to Red River. July 28 Sella remaining 55 televisions from July 5 for $4,000 each on account. Required: 1. Record the transactions of Sundance Systems, assuming the company uses a periodic inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Required information No Date General Journal 1 July 05 Inventory Accounts Payable Debit Credit 210,000 210,000 2 July 08 Common Stock Inventory * 17,500 17,500 3 July 13 Accounts Payable 192,500 Inventory * 1,925 190,575 4 July 28 Accounts Receivable Sales Revenue 5 July 28 Cost of Goods Sold Inventory 220,000 220,000 190,575 190,575