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prepare the journal entries for the company Presented below is information from Sage Computers Incorporated. 10 July 1 Sold $18,800 of computers to Robertson Company

prepare the journal entries for the company
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Presented below is information from Sage Computers Incorporated. 10 July 1 Sold $18,800 of computers to Robertson Company with terms 3/15, 1/60. Sage uses the gross method to record cash discounts. Sage estimates allowances of $1.222 will be honored on these sales. Sage received payment from Robertson for the full amount owed from the July transactions Sold $188,000 in computers and peripherals to The Clark Store with terms of 2/10,1/30. 30 The Clark Store paid Sage for its purchase of July 17. 17 Prepare the necessary journal entries for Sage Computers. Of no entry is required, select "No Entry for the account titles and enter for the amounts . Credit account titles are automatically indented when the amount is entered. Do not indent manual) Date Account Titles and Explanation Debit Credit (To record sales revenue.) (To record allowance for sales returns.) Date Account Titles and Explanation Debit Credit (To record sales revenue.) (To record allowance for sales returns.)

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