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(Recording Sales Transactions) Presented below is information from Perez Comput- E7.6 (LO 2) (Reco ers Incorporated July Sold S2 1 Sold $20,000 of computers to

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(Recording Sales Transactions) Presented below is information from Perez Comput- E7.6 (LO 2) (Reco ers Incorporated July Sold S2 1 Sold $20,000 of computers to Robertson Company with terms 3/15, n/60. Perez uses the gross method to record cash discounts. Perez estimates allowances of $1,300 will be hon- ored on these sales. Perez received payment from Robertson for the full amount owed from the July transactions. Sold $200,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30. The Clark Store paid Perez for its purchase of July 17. 10 17 30 Receivables Instructions Prepare the necessary journal entries for Perez Computers

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