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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 1 Sold $20,000 of computers to Robertson Company with terms 315,n60. Perez uses the gross method to record cash discounts. Perez estimates allowances of $1,300 will be honored on these sales. (Perez records these estimates at point of sale.)
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 210,n30.
30 The Clark Store paid Perez for its purchase of July 17.
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