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Presented below is information from Perez Computers Incorporated. July 1 Sold $28,100 of computers to Robertson Company with terms 3/15, n/60. Perez uses the gross
Presented below is information from Perez Computers Incorporated.
July 1 | Sold $28,100 of computers to Robertson Company with terms 3/15, n/60. Perez uses the gross method to record cash discounts. | |
10 | Perez received payment from Robertson for the full amount owed from the July transactions. | |
17 | Sold $299,700 in computers and peripherals to The Clark Store with terms of 2/10, n/30. | |
30 | The Clark Store paid Perez for its purchase of July 17. |
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