Harwell Company manufactures automobile tires. On July $15,2024,$ the company sold $1,500$ tires to the Nixon Car Company for $$50$ each. The terms of the sale were $\frac{3}{10},\frac{n}{30}.$ Harwell uses the net method of accounting for cash discounts.

Required:

Prepare the journal entries to record the sale on July $15($ignore cost of goods$)$ and payment on July $23,2024.$

Prepare the journal entries to record the sale on July $15($ignore cost of goods$)$ and payment on August $15,2024.$

$01$:$27$:$50$

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 August $15,2024.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

$1$

$2$

Record the sale of $1,500$ tires for $$50$ each with a term of $\frac{3}{10},\frac{n}{30}$ under the net method of accounting for cash discounts.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$July $15,2024,,,],[,,,]]$

$2$ of $13$

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