Question: IF Current Attempt in Progress Presented below is information from Pina Computers. July 1 Sold R$19,600 of computers to Smallwood Company with terms 3/15./60. Pina

IF Current Attempt in Progress Presented below is information from Pina Computers. July 1 Sold R$19,600 of computers to Smallwood Company with terms 3/15./60. Pina uses the gross method to record cash discounts 10 Pina received payment from Smallwood for the full amount owed from the July transactions Sold R$196,000 in computers and peripherals to The Hernandez Store with terms of 2/10,0/30 17 30 The Hernandez Store paid Pina for its purchase of July 17. Prepare the necessary Journal entries for Pina Computers. Of no entry is required, select "No Entry for the account titles and enter 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 July 1 Accounts Receivable 19600 Sales Revue 19600 July 10 Cash Date Account Titles and Explanation Debit Credit July 1 Accounts Receivable 19600 Sales Revenue 19600 July 10 Cash Discount on Notes Receivable Accounts Receivable July 17 Accounts Receivable Sales Reverse July 30 cash Accounts Receivable e Textbook and Media
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