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Harwell Company manufactures automobile tires. On July 1 5 , 2 0 2 4 , the company sold 1 , 6 0 0 tires to

Harwell Company manufactures automobile tires. On July 15,2024, the company sold 1,600 tires to the Nixon Car Company for $50 each. The terms of the sale were 320,n30. Harwell uses the gross method of accounting for cash discounts.
Required:
Prepare the journal entries to record the sale on July 15(ignore cost of goods) and collection on July 23,2024.
Prepare the journal entries to record the sale on July 15(ignore cost of goods) and collection on August 15,2024.
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Prepare the journal entries to record the sale on July 15(ignore cost of goods) and collection on July 23,2024.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
Journal entry worksheet
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Record the sale of 1,600 tires for $50 each with a term of 320,n30 under the aross method of accountina for cash discounts. Record the cash collection on July 23.
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