10 Exercise 7-7 Cash discounts; the net method LO7-3) Harwell Company manufactures automobile tires. On July 15, 2018, the company sold 2,900 tires to the Nixon Car Company for $40 each. The terms of the sale were 2/10, n/30. Harwell uses the net method of accounting for cash discounts. 10 points Required 1. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and payment on July 23, 2018 2. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and payment on August 15, 2018 eBook Complete this question by entering your answers in the tabs below. Hint RequiredRequired2 Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and payment on July 23, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Print View transaction list References Journal entry worksheet Record the sale of 2,900 tires for $40 each with a term of 2/10, n/30 under the net method of accounting for cash discounts Note: Enter debits before credits Date General Journal Debit Credit July 15, 2018