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Presented below is information from Bramble Computers Incorporated. July 1 Sold $ 2 1 , 2 0 0 of computers to Robertson Company with terms
Presented below is information from Bramble Computers Incorporated.
July Sold $ of computers to Robertson Company with terms Bramble uses the gross method to record cash discounts. Bramble estimates allowances of $ will be honored on these sales. Bramble records these estimates at point of sale.
Bramble received payment from Robertson for the full amount owed from the July transactions.
Sold $ in computers and peripherals to The Clark Store with terms of
The Clark Store paid Bramble for its purchase of July
Prepare the necessary journal entries for Bramble Computers. If no entry is required, select No Entry" for the account titles 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 credlt entries. Record journat entries in the order presented in the problem.
Date
Account Titles and Explanation
Debit
Credit
To record sales revenue.
To record allowance for sales returns.
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