Question: Presented below is information from Larkspur Computers Incorporated. July 1 Sold $22,400 of computers to Robertson Company with terms 3/15, n/60. Larkspur uses the gross
Presented below is information from Larkspur Computers Incorporated. July 1 Sold $22,400 of computers to Robertson Company with terms 3/15, n/60. Larkspur uses the gross method to record cash discounts. Larkspur estimates allowances of $1,456 will be honored on these 5 ales. 10 Larkspur received payment from Robertson for the full amount owed from the July transactions. 17 Sold $224,000 in computer a and peripherals to The Clark Store with terms of 2/10,n/30. 30 The Clark Store paid Larkspur for its purchase of July 17. Prepare the necessary journal entries for Larkspur Computers. (If no entry is required, select "No Entry" for the occount tities and enter 0 for the amounts. Credit occount tities are automatically indented when the amount is entered. Do not indent manualiys
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