Question: Presented below is information from Perez Computers Incorporated July 1 Sold $20,000 of computers to Robertson Company with terms 1/15, 1/60. Perez uses the gross

 Presented below is information from Perez Computers Incorporated July 1 Sold

Presented below is information from Perez Computers Incorporated July 1 Sold $20,000 of computers to Robertson Company with terms 1/15, 1/60. Perez uses the gross method to record cash discounts. Perezestimates allowances of $1.300 will be honored on these sales. Perez received payment from Robertson for the full amount owed from the fully transactions Sold S200,000 in computers and peripherals to The Clark Store with terms of 2/10, 1/30. 30 The Clark Store paid Perez for its purchase of July 17, 10 Prepare the necessary journal entries for Perez Computers. (if no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Credit Accounts Receivable Date Detit Sales Revem (To record sales revenue.) cro record allowance for sales returns.) >

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