E7-6B (Recording Sales Transactions) Presented below is information from Quezada Computers Incorporated.

E7-6B (Recording Sales Transactions) Presented below is information from Quezada Computers Incorporated.

July 1 Sold $10,000 of computers to Robertson Company with terms 2/15, n/60. Quezada uses the gross method to record cash discounts.

                 10 Quezada received payment from Robertson for the full amount owed from the July 1 transaction.

                 17 Sold $100,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30.

                 30 The Clark Store paid Quezada for its purchase of July 17.

Instructions

Prepare the necessary journal entries for Quezada Computers.