Question: Presented below is information from Headland Computers Incorporated. July 1 Sold $22,600 of computers to Robertson Company with terms 3/15, n/60. Headland uses the gross

Presented below is information from Headland Computers Incorporated.

July 1 Sold $22,600 of computers to Robertson Company with terms 3/15, n/60. Headland uses the gross method to record cash discounts. Headland estimates allowances of $1,334 will be honored on these sales.
10 Headland received payment from Robertson for the full amount owed from the July transactions.
17 Sold $256,100 in computers and peripherals to The Clark Store with terms of 2/10, n/30.
30 The Clark Store paid Headland for its purchase of July 17.

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