Question: Record transactions using a perpetual system ($ LO6-5) E6-10 Sundance Systems has the following transactions during July. July 5 Purcbases 40 LCD televisions on account

Record transactions using a perpetual system (\$ LO6-5) E6-10 Sundance Systems has the following transactions during July. July 5 Purcbases 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. Flip Side of E6-12 E6-11 DS Unlimited has the following transactions during August. August 6 Purchases 70 handheld game devices on account from GameGirl, Inc., for $200 each, terms 1/10, n/60. August 7 Pays $400 to Sure Shipping for freight charges associated with the August 6 purchase. August 10 Retums to GameGirl six game devices that were defective. August 14 Pays the full amount due to GameGith. August 23 Sells 50 game devices purchased on August 6 for $220 each to customers on account. The total cost of the 50 game devices sold is $10,212,50. Required: Record the transactions of DS Unlimited, assuming the company uses a perpetual inventory system
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