Question: Presented below is information from Nash Computers Incorporated. Prepare the necessary journal entries for Nash Computers. (If no entry is required, select No Entry for

Presented below is information from Nash Computers Incorporated.

Prepare the necessary journal entries for Nash 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.)

July 1 10 Sold $22,800 of computers to Robertson Company with terms 3/15, n/60. Nash uses the gross method to record cash discounts. Nash estimates allowances of $1,482 will be honored on these sales. Nash received payment from Robertson for the full amount owed from the July transactions. Sold $228,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30. The Clark Store paid Nash for its purchase of July 17. 17 30 Prepare the necessary journal entries for Nash 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 (To record sales revenue.) (To record allowance for sales returns.)

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