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E7.6 (LO 2) (Recording Sales Transactions) Presented below is information from Perez Comput- ers Incorporated. July 1 Sold $20,000 of computers to Robertson Company with

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E7.6 (LO 2) (Recording Sales Transactions) Presented below is information from Perez Comput- ers Incorporated. July 1 Sold $20,000 of computers to Robertson Company with terms 3/15, n/60. Perez uses the gross method to record cash discounts. Perez estimates allowances of $1.300 will be hon- ored on these sales. 10 Perez received payment from Robertson for the full amount owed from the July transactions. 17 Sold $200,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30. 30 The Clark Store paid Perez for its purchase of July 17. Instructions Prepare the necessary journal entries for Perez Computers

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