Question: Presented below is information from Riverbed Computers Incorporated. July 1 Sold $21,600 of computers to Robertson Company with terms 3/15, n/60. Riverbed uses the gross

Presented below is information from Riverbed Computers Incorporated. July 1 Sold $21,600 of computers to Robertson Company with terms 3/15, n/60. Riverbed uses the gross method to record cash discounts. Riverbed estimates allowances of $1,404 will be honored on these sales. 10 Riverbed received payment from Robertson for the full amount owed from the July transactions. 17 Sold $216,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30. 30 The Clark Store paid Riverbed for its purchase of July 17.

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