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E 7 . 6 ( LO 2 ) ( Recording Sales Transactions ) Presented below is information from Lopez Computers. July 1 Sold R$ 3
ELO Recording Sales Transactions Presented below is information from Lopez Computers. July Sold R$ of computers to Smallwood Company with terms n Lopez uses the gross method to record cash discounts Lopez received payment from Smallwood for the full amount owed from the July transactions Sold R$ in computers and peripherals to The Hernandez Store with terms of n The Hernandez Store paid Lopez for its purchase of July InstructionsPrepare the necessary journal entries for Lopez Computers.
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