Question 8 of 14 < > View Policies -/7.14 E Current Attempt in Progress Presented below...

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Question 8 of 14 < > View Policies -/7.14 E Current Attempt in Progress Presented below is Information from Riverbed Computers Incorporated. July 1 10 Sold $14,500 of computers to Marin Company with terms 4/15, n/60. Riverbed uses the gross method to record cash discounts. Riverbed received payment from Marin for the full amount owed from the July 1 transaction. 17 Sold $120,500 in computers and peripherals to The Clark Store with terms of 4/10, n/30. 30 The Clark Store paid Riverbed for its purchase of July 17. Prepare the necessary journal entries for Riverbed Computers. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation July 1 Accounts Receivable Sales Revenue July 1 Sales Returns and Allowances Allowance for Sales Returns and Allowances Debit Credit Question 8 of 14 < > View Policies -/7.14 E Current Attempt in Progress Presented below is Information from Riverbed Computers Incorporated. July 1 10 Sold $14,500 of computers to Marin Company with terms 4/15, n/60. Riverbed uses the gross method to record cash discounts. Riverbed received payment from Marin for the full amount owed from the July 1 transaction. 17 Sold $120,500 in computers and peripherals to The Clark Store with terms of 4/10, n/30. 30 The Clark Store paid Riverbed for its purchase of July 17. Prepare the necessary journal entries for Riverbed Computers. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation July 1 Accounts Receivable Sales Revenue July 1 Sales Returns and Allowances Allowance for Sales Returns and Allowances Debit Credit