3 Part 1 of 2 Required Information [The following information applies to the questions displayed below.) Tracy Company, a manufacturer of sir conditioners, sold 220 units to Thomas Company on November 17, 2021. The uns have a list price of $300 each, but Thomas was given 25% trade discount. The terms of the sale were 270,n30. Thome uses perpetual Inventory system 5 sek Required: 1. Prepare the journal entries to record the al purchase by Thomas on November 17 and (b) psyment on November 25, 2021. Thomas uses the gross method of accounting for purchase discounts 2. Prepare the journal entry for the payment, assuming Instead that it was made on December 15, 2021 Complete this question by entering your answers in the tabs below. Raduired 1 Relere Prepare the journal entries to record the (a) purchase by Thomas on November 17 and (b) payment on November 26, 2021. Thomas uses the gross method of accounting for purchase discounts. (If no entry is required for a transaction/event, select "No joumal entry required in the first account field. Www trachomat Journal entry worksheet Record the purchase of air conditioners Nola: Els bords General Journal Debit Credit Dato November 17, 2021 Hacerdry Required 1 Required 2 ) Prepare the journal entries to record the (a) purchase by Thomas on November 17 and (b) payment on November 26, 2021. Thomas uses the groc method of accounting for purchase discounts. (if no entry is required for a transaction/event, select "No journal entry required' in the first account field.) Www trachomat Journal entry worksheet