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Record the transactions of sundance systems

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Question - Record transactions using a perpetual system - Sundance Systems has the following transactions during July.

July 5 Purchases 26 LCD televisions on account from Red River Supplies for $1,800 each, terms 2/10, n/30.

July 8 Returns to Red River four televisions that had defective sound.

July 13 Pays the full amount due to Red River.

July 28 Sells remaining 22 televisions from July 5 for $2,300 each on account.

Required - Record the transactions of Sundance Systems, assuming the company uses a perpetual inventory system.

Reference no: EM133139527

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