Gia's Gymnastics Gear uses a perpetual inventory system. The following transactions occurred in July:Jul 6 Purchased $1,800 of merchandise on credit, terms 1/10, n/30.8 Because some of the items purchased on July 6 had a small defect, Gia's Gymnastics Gear received a purchase allowance of $175.9 Paid freight charges of $75 on the items purchased July 6.19 Sold merchandise on credit for $1,800, terms 2/10, n/30. The merchandise had a cost of $900.22 Of the merchandise sold on July 19, $200 of it was returned. The items had cost Gia's$100 and were returned to inventory.28 Received payment from the customer of July 19.31 Paid for the merchandise purchased on July 6.InstructionsRecord the July transactions for Gia's Gymnastics Gear.

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The Answer of Gia's Gymnastics Gear uses a perpetual inventory system. The following transactions occurred in July:Jul 6 Purchased $1,800 of merchandise on credit, terms 1/10, n/30.8 Because some of the items purchased on July 6 had a small defect, Gia's Gymnastics Gear received a purchase allowance of $175.9 Paid freight charges of $75 on the items purchased July 6.19 Sold merchandise on credit for $1,800, terms 2/10, n/30. The merchandise had a cost of $900.22 Of the merchandise sold on July 19, $200 of it was returned. The items had cost Gia's$100 and were returned to inventory.28 Received payment from the customer of July 19.31 Paid for the merchandise purchased on July 6.InstructionsRecord the July transactions for Gia's Gymnastics Gear.

Gia's Gymnastics Gear Uses a Perpetual Inventory System