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July 1 Sold $12,600 of computers to Culver Company with terms 415,n60. Flounder uses the...

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Accounting

July 1 Sold $12,600 of computers to Culver Company with terms 415,n60. Flounder uses the gross method to record cash discounts.
10 Flounder received payment from Culver for the full amount owed from the July 1 transaction.
17 Sold $126,600 in computers and peripherals to The Clark Store with terms of 410,n30.
30 The Clark Store paid Flounder for its purchase of July 17.
Prepare the necessary journal entries for Flounder 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 0 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
Debit
Credit
image

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