Exercise 7-6 (Algo) Cash discounts; the gross method (LO7-3) Harwell Company manufactures automobile tires. On July 15, 2021, the company sold 1,800 tires to the Nixon Ca Company for $30 each. The terms of the sale were 3/15, 1/30, Harwell uses the gross method of accounting for cash discounts. Required: 1. Prepare the journal entries to record the sale on July 15 Ognore cost of goods and collection on July 23, 2021 2. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on August 15, 2021. Complete this question by entering your answers in the tabs below. Required Required 2 Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on Duly 23, 2021. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Show less View transaction list View journal entry worksheet General Journal July 15, 2021 Accounts receivable Sales revenue No Date Debit Credit 1 N July 23 2021 Cash Accounts receivable Required 2 > Harwell Company manufactures automobile tres On July 15, 2021, the company sold 1,800 tires to the Noron Car Company for $30 each. The terms of the sale were 3/15, 1/30. Harwell uses the gross method of accounting for cash discounts Required: 1. Prepare the journal entries to record the sale on July 15 Ognore cost of goods and collection on July 23, 2021 2. Prepare the journal entries to record the sale on July 15 ignore cost of goods and collection on August 15, 2021 Complete this question by entering your answers in the tabs below. Required Required 1 2 Prepare the pural entries to record the sale on July 15 (ignore cost of goods) and collection on August 15, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Show less View transaction list View journal entry worksheet No Debit Credit Date July 15, 2021 General Journal Accounts receivable 1 54,000 Sales revenue 54,000 2 Aug. 15 2021 Cash 54,000 Accounts receivable 54,000