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Exercise 7-6 Presented below is information from Oriole Computers Incorporated. July 1 Sold $29,300 of computers...

Exercise 7-6 Presented below is information from Oriole Computers Incorporated. July 1 Sold $29,300 of computers to Robertson Company with terms 3/15, n/60. Oriole uses the gross method to record cash discounts. Oriole estimates allowances of $1,188 will be honored on these sales. 10 Oriole received payment from Robertson for the full amount owed from the July transactions. 17 Sold $299,100 in computers and peripherals to The Clark Store with terms of 2/10, n/30. 30 The Clark Store paid Oriole for its purchase of July 17. Prepare the necessary journal entries for Oriole Computers.

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