Question: Presented below is information from Perez Computers Incorporated. July 1 Sold $20,000 of computers to Robertson Company with terms3/15, n/60. Perez uses the gross method

Presented below is information from Perez Computers Incorporated.

July 1 Sold $20,000 of computers to Robertson Company with terms3/15, n/60. Perez uses the gross method to record cash discounts. Perez estimates allowances of $1,300 will be honored on these sales.
10 Perez received payment from Robertson for the full amount owed from the July transactions.
17 Sold $200,000 in computers and peripherals to The Clark Store with terms of2/10, n/30.
30

The Clark Store paid Perez for its purchase of July 17.

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