Sundance Systems has the following transactions during July. 

July 5 Purchase 50 LCD televisions on account from Red River Supplies for $3,000 each, terms 2/10, n/30

. July 8 Four televisions that had defective sound returned to Río Rojo. 

July 13 Pay the full amount owed to Red River. 

July 28 Sell the remaining 46 televisions from July 5 for $3,500 each on account. 

Required:

Record Sundance Systems transactions, 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.)

Answer rating: 100% (QA)

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