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Presented below is information from Perez Computers Incorporated. Sold $20,000 of computers to Robertson Company with terms 3/15, n/60. Perez uses the gross method to record cash discounts. 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. Prepare the necessary journal entries for Perez Computers.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92798638

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