Question
Presented below is information from Whispering Computers Incorporated. July 1 Sold $18,400 of computers to Robertson Company with terms 3/15, n/60. Whispering uses the gross
Presented below is information from Whispering Computers Incorporated.
July 1 | Sold $18,400 of computers to Robertson Company with terms 3/15, n/60. Whispering uses the gross method to record cash discounts. Whispering estimates allowances of $1,196 will be honored on these sales. | |
10 | Whispering received payment from Robertson for the full amount owed from the July transactions. | |
17 | Sold $184,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30. | |
30 | The Clark Store paid Whispering for its purchase of July 17. |
Prepare the necessary journal entries for Whispering 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.)
Date | Account Titles and Explanation | Debit | Credit | |
---|---|---|---|---|
choose a transaction date July 1July 10July 17July 30 | 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.) | ||||
| 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 July 1July 10July 17July 30 | enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a debit amount | ||
choose a transaction date July 1July 10July 17July 30 | enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a debit amount |
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