Exercise 7-7 (Algo) Cash discounts; the net method [LO7-3] Harwell Company manufactures automobile tires. On July 15, 2021, the company sold 1,900 tires to the Nixon Car Company for $70 each. The terms of the sale were 3/10,n/30. Harwell uses the net method of accounting for cash discounts. Required: 1. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and payment on July 23, 2021 2. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and payment on August 15, 2021 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and payment on July 23, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Stres Help Save & E Required 1 Submit 3 Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and payment on July 23, 2021. (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction ist Journal entry worksheet 052 Record the sale of 1,900 tires for 570 each with a term of 1/10, 1/30 under the net method of accounting for cash discounts debiter debats et Date July $5.2021 General Journal Debat Crate Record the cash collection on July 23. Note: Enter debits before credits General Journal Debit Crede July 23, 2021 TER Submit Required 1 Required 2 prepare the journal entries to record the sale on July 15 (ignore cost of goods) and payment on August 15, 2021. (if no entry is required for a transaction/event, select "No journal entry required in the first account held.) View transaction list Journal entry worksheet > Record the sale of 1,900 tires for $70 each with a term of 3/10, 1/30 under the net method of accounting for cash discounts Note: Enter detits before credits General Journal Debit Date July 15, 2021 Credit Required 1 Required 2 B Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and payment on August 15, 2021. (if no entry is required for a transaction/event, select "No Journal entry required in the first account field.) View transaction ist Journal entry worksheet Record the cash collection on August 15. Note: Enter debits before credits General Journal Debit Credit Date August 15 2021