Presented below is Information from Indigo Computers Incorporated. Sold $12,200 of computers to Sweet Company with...

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Presented below is Information from Indigo Computers Incorporated. Sold $12,200 of computers to Sweet Company with terms 3/15, n/60. Indigo uses the gross method to record cash discounts. July 1 10 17 30 Indigo received payment from Sweet for the full amount owed from the July 1 transaction. Sold $113,400 In computers and peripherals to The Clark Store with terms of 3/10, r/30. The Clark Store paid Indigo for Its purchase of July 17. Prepare the necessary Journal entries for Indigo Computers. (Credit account titles are automatically indented when the amount is entered Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Presented below is Information from Indigo Computers Incorporated. Sold $12,200 of computers to Sweet Company with terms 3/15, n/60. Indigo uses the gross method to record cash discounts. July 1 10 17 30 Indigo received payment from Sweet for the full amount owed from the July 1 transaction. Sold $113,400 In computers and peripherals to The Clark Store with terms of 3/10, r/30. The Clark Store paid Indigo for Its purchase of July 17. Prepare the necessary Journal entries for Indigo Computers. (Credit account titles are automatically indented when the amount is entered Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts List all debit entries before credit entries. Record journal entries in the order presented in the problem.)

Answer rating: 100% (QA)

July 1 Sold 12200 of computers to Sweet Company with terms 315 n60 markdown ... View the full answer