please answer with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation. QUESTION: Sundance Systems has the following transactions during July.

July 5	Purchases 40 LCD televisions on account from Red River Supplies for $2,500 each, terms 3/10, n/30.
July 8	Returns to Red River two televisions that had defective sound.
July 13	Pays the full amount due to Red River.
July 28	Sells remaining 38 televisions from July 5 for $3,000 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.)