Presented below is information from Concord Computers Incorporated.

July $1$ Sold $$17,600$ of computers to Robertson Company with terms $3/15,$ n$/60.$ Concord uses the gross method to record cash discounts. Concord estimates allowances of $$1,144$ will be honored on these sales. $($Concord records these estimates at point of sale.$)$

$10$ Concord received payment from Robertson for the full amount owed from the July transactions.

$17$ Sold $$176,000$ in computers and peripherals to The Clark Store with terms of $2/10,$ n$/30.$

$30$ The Clark Store paid Concord for its purchase of July $17.$