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Presented below is information from Coronado Computers Incorporated. July 1 10 17 30 Sold $19,200 of computers to Robertson Company with terms 3/15, n/60. Coronado

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Presented below is information from Coronado Computers Incorporated. July 1 10 17 30 Sold $19,200 of computers to Robertson Company with terms 3/15, n/60. Coronado uses the gross method to record cash discounts. Coronado estimates allowances of $1,248 will be honored on these sales. Coronado received payment from Robertson for the full amount owed from the July transactions. Sold $192,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30. The Clark Store paid Coronado for its purchase of July 17. Prepare the necessary journal entries for Coronado 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.) Date Account Titles and Explanation Debit Credit (To record sales revenue.) (To record allowance for sales returns.)

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