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Presented below is information from Flounder Computers incorporated. July 1 Sold $16,000 of computers to...

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Presented below is information from Flounder Computers incorporated. July 1 Sold $16,000 of computers to Robertson Company with terms 3/15,n/60. Flounder uses the gross method to record cash discounts. Flounder estimates allowances of $1,040 will be honcred on these sales. 10 Flounder received payment from Robertson for the full amount owed from the July transactions. 17 Sold $160,000 in computers and peripherals to The Clark Store with terms of 2/10,n/30. 30 The Clark Storepaid Flounder for its purchase of July 17. Prepare the necessary journal entries for Flounder Computers. If no entry is required, select "No Entry" for the account titles and enter of or the amounts. Credit account tibles are outomatically indented when the amount is entered. Do not indent manvally.)

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