Business, 03.03.2020 06:10, Jasten

Sundance Systems has the following transactions during July.
July 5 Purchases 58 LCD televisions on account from Red River Supplies for $3,400 each, terms 2/10, 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 56 televisions from July 5 for $3,900 each on account.
Required:
a. 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.)

Answers: 2

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Sundance Systems has the following transactions during July.
July 5 Purchases 58 LCD televisi...