July $1$ Sold $$12,600$ of computers to Culver Company with terms $\frac{4}{15},\frac{n}{60}.$ Flounder uses the gross method to record cash discounts.

$10$ Flounder received payment from Culver for the full amount owed from the July $1$ transaction.

$17$ Sold $$126,600$ in computers and peripherals to The Clark Store with terms of $\frac{4}{10},\frac{n}{30}.$

$30$ The Clark Store paid Flounder for its purchase of July $17.$

Prepare the necessary journal entries for Flounder Computers. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.$)$

Date Account Titles and Explanation

Debit

Credit