prepare journal entries

Prepare journal entries The following is information from Computer USA Incorporated. 1. Sold $30,000 worth of computers to Netflix Company with terms 3/15,n/60. Computer USA uses the "gross method" to record cash discounts. 2. Computer USA received payment from Netflix Company for the full amount due from the July transactions 3. Sold $250,000 worth of computers and peripherals to The Irwin Store with terms of 2/10,n/30 4. The Irwin Store paid Computer USA for its July 17 purchase Prepare journal entries The following is information from Computer USA Incorporated. 1. July 1 . Sold $30,000 worth of computers to Netflix Company with terms 3/15,n/60. Computer USA uses the "gross method" to record cash discounts. 2. July 10. Computer USA received payment from Netflix Company for the full amount due from the July transactions 3. July 17. Sold $250,000 worth of computers and peripherals to The Irwin Store with terms of 2/10,n/30. 4. July 30. The Irwin Store paid Computer USA for its July 17 purchase