Question
Presented below is information from Perez Computers Incorporated. | July 1 | Sold $23,500 of computers to Robertson Company with terms 2/15, n/60. Perez uses
Presented below is information from Perez Computers Incorporated.
| July 1 | Sold $23,500 of computers to Robertson Company with terms 2/15, 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 $217,300 in computers and peripherals to The Clark Store with terms of 1/10, n/30.
| 30 | The Clark Store paid Perez for its purchase on July 17.
Prepare the necessary journal entries for Perez Computers.
Do not copy from Chegg and give complete answer with explanation
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Financial Accounting with IFRS Fold Out Primer
Authors: John Wild
5th edition
978-0077408770, 77408772, 978-0077413804
