Exercise 7-6

Presented below is information from Perez Computers Incorporated.

July 1		Sold $29,600 of computers to Robertson Company with terms 2/15, n/60. Perez uses the gross method to record cash discounts.
10		Perez received payment from Robertson for the full amount owed from the July transactions.
17		Sold $212,300 in computers and peripherals to The Clark Store with terms of 1/10, n/30.
30		The Clark Store paid Perez for its purchase of July 17.

Prepare the necessary journal entries for Perez 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.)