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7. Wizard Electronics and Supply has the following transactions in July related to the purchase of merchandise inventory. (i) (Click the icon to view the transactions.) Journalize the purchase transactions for Wizard Electronics and Supply assuming the company uses the perpetual imventory system. (Record debits first, then credita. Select the explanation on the last line of the journal entry table.) Jul 1: Purchase of $24,500 worth of computers on account, term of 3/10,n/45, from Beech Computers. Jul. 3: Return of $2,500 of the computers to Beech Computers. Jul. 9: Payment made on account to Beech Computers