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Harwell Company manufactures automobile tires. On July 15, 2018, the company sold 1,700 tires to the Nixon Car Company for $50 each. The terms of
Harwell Company manufactures automobile tires. On July 15, 2018, the company sold 1,700 tires to the Nixon Car Company for $50 each. The terms of the sale were 2/10, 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, 2018. 2. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and payment on August 15, 2018 Required: 1. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and payment on July 23, 2018 2. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and payment on August 15, 2018 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Req Required2 Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and payment on August 15, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Date General Journal Debit Credit July 15, 2018 Accounts receivable 83,300 Sales revenue 83,300 2 August 15, 2018 Cash 85,000 83,300 1,700 Accounts receivable Interest revenue
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