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Presented below is information from Pharoah Computers Incorporated. July 1 Sold $24,400 of computers to Robertson...

Presented below is information from Pharoah Computers Incorporated.

July 1 Sold $24,400 of computers to Robertson Company with terms 3/15, n/60. Pharoah uses the gross method to record cash discounts. Pharoah estimates allowances of $1,586 will be honored on these sales.
10 Pharoah received payment from Robertson for the full amount owed from the July transactions.
17 Sold $244,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30.
30 The Clark Store paid Pharoah for its purchase of July 17.


Prepare the necessary journal entries for Pharoah Computers. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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