Presented below is information from Sunland Computers Incorporated July 1 Sold $20,800 of computers to Robertson Company with terms 3/15, n/60. Sunland uses the gross
Presented below is information from Sunland Computers Incorporated July 1 Sold $20,800 of computers to Robertson Company with terms 3/15, n/60. Sunland uses the gross method to record cash discounts. Sunland estimates allowances of $1,352 will be honored on these sales. (Sunland records these estimates at point of sale.) 10 Sunland received payment from Robertson for the full amount owed from the July transactions. 17 Sold $208,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30. 30 The Clark Store paid Sunland for its purchase of July 17. Prepare the necessary journal entries for Sunland Computers. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)
Date Account Titles and Explanation Debit Credit choose a transaction date enter an account title to record sales revenue enter a debit amount enter a credit amount enter an account title to record sales revenue enter a debit amount enter a credit amount (To record sales revenue.) enter an account title to record allowance for sales returns enter a debit amount enter a credit amount enter an account title to record allowance for sales returns enter a debit amount enter a credit amount (To record allowance for sales returns.) choose a transaction date enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount choose a transaction date enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount choose a transaction date enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount
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