Presented below is information from Monty Computers Incorporated. July 1 10 17 30 Sold $22,000 of computers to Robertson Company with terms 3/15, n/60. Monty uses the gross method to record cash discounts. Monty estimates allowances of $1,430 will be honored on these sales. Monty received payment from Robertson for the full amount owed from the July transactions. Sold $220,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30. The Clark Store paid Monty for its purchase of July 17. Prepare the necessary journal entries for Monty 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.)

Presented below is information from Monty Computers Incorporated. July 1 Sold $22,000 of computers to Robertson Company with terms 3/15,n/60. Monty uses the gross method to record cash discounts. Monty estimates allowances of $1,430 will be honored on these sales. 10 Monty received payment from Robertson for the full amount owed from the July transactions. 17 Sold $220,000 in computers and peripherals to The Clark Store with terms of 2/10,n/30. 30 The Clark Store paid Monty for its purchase of July 17. Prepare the necessary journal entries for Monty Computers. (If no entry is required, select "No Entry" for the occount titles and enter Ofor the omounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually)