Question: Presented below is information from Martinez Computers. July 1 10 Sold R$17,200 of computers to Smallwood Company with terms 3/15, n/60. Martinez uses the

Presented below is information from Martinez Computers. July 1 10 Sold R$17,200

Presented below is information from Martinez Computers. July 1 10 Sold R$17,200 of computers to Smallwood Company with terms 3/15, n/60. Martinez uses the gross method to record cash discounts. Martinez received payment from Smallwood for the full amount owed from the July transactions. 17 Sold R$172,000 in computers and peripherals to The Hernandez Store with terms of 2/10, n/30. 30 The Hernandez Store paid Martinez for its purchase of July 17. Prepare the necessary journal entries for Martinez Computers. (If no entry is required, select "No Entry" for the account titles and enter O 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

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