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please answer this question Current Attempt in Progress Presented below is information from Kingbird Computers Incorporated. July 1 Sold $20,400 of computers to Robertson Company
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Current Attempt in Progress Presented below is information from Kingbird Computers Incorporated. July 1 Sold $20,400 of computers to Robertson Company with terms 3/15,n/60. Kingbird uses the gross method to record cash discounts. Kingbird estimates allowances of $1,326 will be honored on these sales. 10 Kingbird received payment from Robertson for the full amount owed from the July transactions. Sold $204,000 in computers and peripherals to The Clark Store with terms of 2/10,n/30. 30 The Clark Store paid Kingbird for its purchase of July 17. Prepare the necessary journal entries for Kingbird Computers. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are outomatically indented when the amount is entered. Do not indent manually.)Step by Step Solution
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