Presented below is information from Perez Computers Incorporated.\nJuly 1 Sold $20,000 of computers to Robertson Company with terms 3/15, n/60. Perez u
Presented below is information from Perez Computers Incorporated.
\r\nJuly 1 Sold $20,000 of computers to Robertson Company with terms 3/15, n/60. Perez uses the gross method to record cash discounts.
\r\n10 Perez received payment from Robertson for the full amount owed from the July transactions.
\r\n17 Sold $200,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30.
\r\n30 The Clark Store paid Perez for its purchase of July 17.
\r\nInstructions
\r\nPrepare the necessary journal entries for Perez Computers.