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Presented below is information from Marigold Computers Incorporated. July 1 Sold $14,700 of computers to Swifty Company with terms 3/15, n/60. Marigold uses the gross
Presented below is information from Marigold Computers Incorporated. July 1 Sold $14,700 of computers to Swifty Company with terms 3/15, n/60. Marigold uses the gross method to record cash discounts. 10 Marigold received payment from Swifty for the full amount owed from the July 1 transaction. 17 Sold $149,600 in computers and peripherals to The Clark Store with terms of 3/10, n/30. 30 The Clark Store paid Marigold for its purchase of July 17. Prepare the necessary journal entries for Marigold Computers. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)
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