Sundance Systems has the following transactions during July.
July 5 Purchases 20 laptop computers on account from Red River Supplies for $1,500 each, terms 3/10, n/30.
July 8 Returns to Red River two laptops that had defective hard drives.
July 13 Pays the full amount due to Red River.
July 28 Sells remaining 18 laptops purchased on July 5 for $2,000 each on account.
Required:
Record the transactions of Sundance Systems, assuming the company uses a perpetual inventory system.