The following transactions took place at Fine Fashions Outlet during July 2019

Subject:AccountingPrice:3.87 Bought7

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The following transactions took place at Fine Fashions Outlet during July 2019. Fine Fashions Outlet uses a perpetual inventory system.

DATE TRANSACTIONS

July 1 Purchased dresses for $4,400 plus a freight charge of $700 from Fashion Expo, Invoice 101, dated July 1? the terms are 2/10, n/30.

5 Sold two dresses on account to Alice Chu, terms 1/10, n/30? issued Sales Slip 788 for $900. The cost of the dresses sold was $720.

7 Received Credit Memorandum 210 for $850 from Fashion Expo for damaged dresses returned? the goods were purchased on Invoice 101 dated July 1.

9 Accepted a return of a dress from Alice Chu? the dress was originally sold on Sales Slip 788 of July 5? issued Credit Memorandum 89 for $400. The cost of the returned dress was $240.

10 Issued Check 1255 to pay the amount due to Fashion Expo for Invoice 101, dated July 1, less the return of July 7 and less the cash discount.

15 Received payment from Alice Chu for the sale of July 5, less the return of July 9 and less the cash discount.

15 Recorded sales on credit cards for the two-week period ended July 15, $13,000? the bank charges a 3 percent fee on all credit card sales. The cost of merchandise sold was $10,400.

17 Purchased merchandise on account from Fashion Wholesalers for $5,000, subject to trade discounts of 40 percent and 10 percent, terms 1/10, n/30, Invoice 2078.

26 Paid amount owed to Fashion Wholesalers for the purchase of July 17, Check 1285.

Record the transactions in a general journal.