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July 12 July 26 Sold computers on account for $8,000 to a customer terms 3/15...

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July 12 July 26 Sold computers on account for $8,000 to a customer terms 3/15 n/30. The cost of the computers is $4,800. Received payment from the customer on balance due. Jul. 12: Sold computers on account for $8,000 to a customer, terms 3/15, n/30. The cost of the computers is $4,800 Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step. Date Accounts and Explanation Debit Credit Jul 12 Now journalize the expense related to the July 12 sale. Date Accounts and Explanation Debit Credit Jul 12 Jul. 26: Received payment from the customer on balance due. Date Accounts and Explanation Debit Credit Jul. 26

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