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Current Attempt in Progress Presented below is information from Pronghorn Computers. July 1 Sold R$23,600 of computers to Smallwood Company with terms 3/15, n/60. Pronghorn
Current Attempt in Progress Presented below is information from Pronghorn Computers. July 1 Sold R$23,600 of computers to Smallwood Company with terms 3/15, n/60. Pronghorn uses the gross method to record cash discounts. 10 Pronghorn received payment from Smallwood for the full amount owed from the July transactions. 17 Sold R$236,000 in computers and peripherals to The Hernandez Store with terms of 2/10, n/30. 30 The Hernandez Store paid Pronghorn for its purchase of July 17. Prepare the necessary journal entries for Pronghorn Computers. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
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