Question: Presented below is information from Shefield Computers Incorporated y 1 Sold S22,000 of computers to Robertson Company with terms rs r 60 Sheffield uses the
Presented below is information from Shefield Computers Incorporated y 1 Sold S22,000 of computers to Robertson Company with terms rs r 60 Sheffield uses the gross method to record cash discounts. Shoffield estimates allo ances of $1,171 wAV be honored on these sales. 10 Sheffield recelived payment from Robertson for the full amount owed from the July transactions. 7 Sold $215,600 in computers and peripherals to The Clark Store with terms of 2/10, n/30. 0 The Clark Store paid Sheffield for its purchase of July 17 uly 10 would lae DOLL
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