Presented below is information from Swifty Computers Incorporated. July 1 Sold $17,200 of computers to Robertson Company with terms 3/15, n/60. Swifty uses the gross method to record cash discounts. Swifty estimates allowances of $1,118 will be honored on these sales. 10 Swifty received payment from Robertson for the full amount owed from the July transactions. 17 Sold $172,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30. 30 The Clark Store paid Swifty for its purchase of July 17.