Presented below is information from Blossom Computers Incorporated. July 1 Sold $24,800 of computers to Robertson Company with terms 3/15, n/60. Blossom uses the gross method to record cash discounts. Blossom estimates allowances of $1,612 will be honored on these 5ales. (Blossom records these estimates at. point of sale.) 10 Blossom received payment from Robertson for the full amount owed from the July transactions. 17 Sold $248,000 in computers and peripherals to The Clark Store with terms of 2/10,n/30. 30 The Clark Store paid Blossom for its purchase of July 17. Prepare the necessary journal entries for Blossom Computers. Uf no entry is required, select "No Entry" for the account titites and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually List all debit entries before. credit entries. Record journol entries in the order presented in the problem.) (To record sales revenue.) Sales Returns and Allowances 1612 Allowance for Sales Returns and Allowances (To record allowance for sales returns.) Cash Sales Discounts Accounts Receivable July 17 Accounts Recelvable 24800 Sales Revenue Cash Accounts Recelvable