Question: Presented below is information from Sage Computers. July 1 10 Sold R$17.600 of computers to Smallwood Company with terms 3/15,n/60. Sage uses the gross method

Presented below is information from Sage Computers. July 1 10 Sold R$17.600 of computers to Smallwood Company with terms 3/15,n/60. Sage uses the gross method to record cash discounts Sage received payment from Smallwood for the full amount owed from the July transactions Sold R$ 176,000 in computers and peripherals to The Hernandez Store with terms of 2/10,n/30. The Hernandez Store paid Sage for its purchase of July 17. 17 30 Prepare the necessary Journal entries for Sage 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 Debit Date Credit
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