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July 1 Sold $ 2 0 , 0 0 0 of computers to Robertson Company with terms 3 1 5 , n 6 0 .
July Sold $ of computers to Robertson Company with terms Perez uses the gross method to record cash discounts. Perez estimates allowances of $ will be honored on these sales. Perez records these estimates at point of sale.
Perez received payment from Robertson for the full amount owed from the July transactions.
Sold $ in computers and peripherals to The Clark Store with terms of
The Clark Store paid Perez for its purchase of July
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