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5 You received no credit for this question in the previous attempt View previous tempt 10 Required information (The following informabon applies to the questions
5 You received no credit for this question in the previous attempt View previous tempt 10 Required information (The following informabon applies to the questions displayed below Tracy Company, a manufacturer of air conditioners, sold 200 units to Thomas Company on November 12, 2021. The units have a st price of $350 each, but Thomas was given a 30% trade discount. The terms of the sale were 2/10, n/30 Thomas se perpetual inventory system 3. Prepare the journal entries to record the purchase try Thomas on November 17 and payment on November 26 2021 and December 15.2021 using the net method of accounting for purchase discounts Complete this question by entering your answers in the tabs below. A Prepare the journal entries to record the (a) purchase by Thomas on Nvember 17 and (b) payment on fovember 26, 2021. Thomas uses the net method of accounting for purchase discounts. (If no entry is required for a transaction/event, select "No journal entry red in the first account field) De November 17, 2021 Geral Journal Accounts receivable Sales revenue Reg30>> Det 21.000 21,000 NO C Repred information The wing we apples to the questions pleyed below) Tracy Company amandacre of a conditioners, sold 200 uns to Thomas Compeny on November 17, 2021. The u $350 each, but Thomas was gen 30% do thecount. The terms of the sale we 290 230 Thom 3. Prepare the jouw to record the purchase by Thomas on November 17 and payment on November 26, 2021 and Decent 15 2001 ung the net method of accounting for purchase discours Complete this pin by entering your answers in the tabs below. Paw the sal my he the most, aaring ned that was made on December 15, 2023, (if entry repor Journal entry worksheet Mely, mord payment on December 15 using the set method of 2001 General J Cre
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