Presented below is information from Ayayai Computers. Sold R$25,200 of computers to Smallwood Company with terms...

 

Transcribed Image Text:

Presented below is information from Ayayai Computers. Sold R$25,200 of computers to Smallwood Company with terms 3/15, n/60, Ayayai uses the gross method to record cash discounts. July 1 10 17 30 Ayayai received payment from Smallwood for the full amount owed from the July transactions. Sold R$252.000 in computers and peripherals to The Hernandez Store with terms of 2/10, n/30. The Hernandez Store paid Ayayai for its purchase of July 17. Prepare the necessary journal entries for Ayayai Computers. (If no entry is required, select "No Entry for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Presented below is information from Ayayai Computers. Sold R$25,200 of computers to Smallwood Company with terms 3/15, n/60, Ayayai uses the gross method to record cash discounts. July 1 10 17 30 Ayayai received payment from Smallwood for the full amount owed from the July transactions. Sold R$252.000 in computers and peripherals to The Hernandez Store with terms of 2/10, n/30. The Hernandez Store paid Ayayai for its purchase of July 17. Prepare the necessary journal entries for Ayayai Computers. (If no entry is required, select "No Entry for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Answer rating: 100% (QA)

Based on the information provided here are the necessary journal entries for Ayayai Computers 1 July ... View the full answer