Presented below is information from Metlock Computers Incorporated.

July $1$ Sold $$19,600$ of computers to Robertson Company with terms $\frac{3}{15},\frac{n}{60}.$ Metlock uses the gross method to record cash

discounts. Metlock estimates allowances of $$1,274$ will be honored on these sales. $($Metlock records these estimates at

point of sale.$)$

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

$17$ Sold $$196,000$ in computers and peripherals to The Clark Store with terms of $\frac{2}{10},\frac{n}{30}.$

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

Prepare the necessary journal entries for Metlock Computers. $($If no entry is required, select $"$No Entry" for the account titles and enter $0$ for

the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before

credit entries. Record journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit

$($To record sales revenue.$)$

$($To record allowance for sales returns.$)$

Accounts Receivable

Accounts Payable