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 detective sound.
July 13- Pays the full amount due to Red River.
July 28- Sells remaining 56 televisions purchased on July 5 fpr $3,900 each on account. Record the transactions of Sundance systems, assuming the company uses a perpetual inventory system.
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Sundance systems has the following transactions during July.
July 5- Purchases 58 LCD televisions o...
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