Presented below is information from Pharoah Computers Incorporated.

July 1		Sold $24,400 of computers to Robertson Company with terms 3/15, n/60. Pharoah uses the gross method to record cash discounts. Pharoah estimates allowances of $1,586 will be honored on these sales.
10		Pharoah received payment from Robertson for the full amount owed from the July transactions.
17		Sold $244,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30.
30		The Clark Store paid Pharoah for its purchase of July 17.

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