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Business, 24.10.2019 23:43 gselm

Sundance systems has the following transactions during july. july 5 purchases 36 lcd televisions on account from red river supplies for $2,300 each, terms 1/10, 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 32 televisions from july 5 for $2,800 each on account. required: record the transactions of sundance systems, assuming the company uses a perpetual inventory system.

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