Current Attempt in Progress Presented below is information from Pharoah Computers. July 1 10 17 30 Sold R$21,600 of computers to Smallwood Company with terms 3/15, n/60. Pharoah uses the gross method to record cash discounts. Pharoah received payment from Smallwood for the full amount owed from the July transactions. Sold R$216,000 in computers and peripherals to The Hernandez Store with terms of 2/10, n/30. The Hernandez Store paid Pharoah for its purchase of July 17.

Current Attempt in Progress Presented below is information from Pharoah Computers. July 1 Sold R$21,600 of computers to Smallwood Company with terms 3/15,n/60. Pharoah uses the gross method to record cash discounts. 10 Pharoah received payment from Smallwood for the full amount owed from the July transactions. 17 Sold R$216,000 in computers and peripherals to The Hernandez Store with terms of 2/10,n/30. 30 The Hernandez Store paid Pharoah for its purchase of July 17. Prepare the necessary journal entries for Pharoah Computers. (If no entry is required, select "No Entry" for the account titfes and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)