Exercise 7-6 Presented below is information from Headland Computers Incorporated July 1 Sold $20,200 of computers to Robertson Company with terms 2/15, n/60. Headland uses the gross method to record cash discounts. Headland estimates allowances of $1,174 will be 10 17 30 honored on these sales. Headland received payment from Robertson for the full amount owed from the July transactions Sold $247,000 in computers and peripherals to The Clark Store with terms of 1/10, n/30 The Clark Store paid Headland for its purchase of July 17 Prepare the necessary journal entries for Headland Computers. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Date Account Titles and Explanation Debit Credit (To record sales revenue.) (To record allowance for sales returns.) July 10