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Presented below is information from Perez Computers Incorporated.July 1 Sold $20,000 of computers to Robertson Company with terms 3/15, n/60. Perez uses the gross method to record cash discounts.10 Perez received payment from Robertson for the full amount owed from the July transactions.17 Sold $200,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30.30 The Clark Store paid Perez for its purchase of July 17.
InstructionsPrepare the necessary journal entries for Perez Computers.
Purpose a horizontal analysis of the income statement data
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