Question: Presented below is information from Bramble Computers Incorporated. July 1 Sold $16,000 of computers to Robertson Company with terms 3/15, n/60. Bramble uses the gross
Presented below is information from Bramble Computers Incorporated.
| July 1 | Sold $16,000 of computers to Robertson Company with terms 3/15, n/60. Bramble uses the gross method to record cash discounts. Bramble estimates allowances of $1,040 will be honored on these sales. | |
| 10 | Bramble received payment from Robertson for the full amount owed from the July transactions. | |
| 17 | Sold $160,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30. | |
| 30 | The Clark Store paid Bramble for its purchase of July 17. |
Prepare the necessary journal entries for Bramble 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.)
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