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3.1 Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collectlon on November 26, 2016, assuming that the
3.1 Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collectlon on November 26, 2016, assuming that the net method of accounting for cash discounts Is used. (If no entry Is required for a transaction/event, select No Journal entry required" In the first account field.) View transaction ist ournal entry worksheet Record the sale of 120 units with a list price of $750, a 20% trade discount (if applicable), with terms of 2/10, n/30 under the net method. Note: Enter debits before credits November 17, 2016 Record entry Clear entry View general journal Prev 1of 4E Next MacBook Air 9 2 3 4 pter 7 31 Prepare the journal entries to record the sale on November 17 (gnore cost of goods) and collection on November 26, 2016, assuming that the net method of accounting for cash discounts is used. (If no entry is required for a transactlon/event, select No Journal entry required" In the first account field.) View transaction list Journal entry worksheet Record the cash collection on November 26. Note: Enter debits before credits. November 26, 2016 Record entry Clear entry View general journal Prox 1of4Next > MacBook Air 0,3 2 3 4
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