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Presented below is information from Bridgeport Computers Incorporated. July 1 10 Sold $24,800 of computers to Robertson Company with terms 3/15, n/60. Bridgeport uses
Presented below is information from Bridgeport Computers Incorporated. July 1 10 Sold $24,800 of computers to Robertson Company with terms 3/15, n/60. Bridgeport uses the gross method to record cash discounts. Bridgeport estimates allowances of $1.612 will be honored on these sales. Bridgeport 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 Bridgeport for its purchase of July 17. Prepare the necessary journal entries for Bridgeport Computers. Of 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) Date Account Titles and Explanation (To record sales revenue.) Debit 4 Credit Hot Window
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