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Harwell Company manufactures automobile tires. On July 15, 2018, the company sold 2,100 tires to the Nixon Car Company for $90 each. The terms of
Harwell Company manufactures automobile tires. On July 15, 2018, the company sold 2,100 tires to the Nixon Car Company for $90 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, 2018 2. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and payment on August 15, 2018 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, 2018. (If no entry is requir a transaction/event, select "No journal entry required in the first account field.) Journal entry worksheet 1 2 Record the sale of 2,100 tires for $90 each with a term of 3/10, n/30 under the net method of accounting for cash discounts. Note: Enter debits before credits. Date General Journal Debit Credit July 15, 2018 Record entry Clear entry View general Journal Journal entry worksheet Record the cash collection on July 23. Note: Enter debits before credits. General Journal Debit Credit Date July 23, 2018 Record entry Clear entry View general journal Journal entry worksheet 1 2 Record the sale of 2,100 tires for $90 each with a term of 3/10, n/30 under the net method of accounting for cash discounts. Note: Enter debits before credits. Date General Journal Debit Credit July 15, 2018 Record entry Clear entry View general journal Journal entry worksheet 1 2 Record the cash collection on August 15. Note: Enter debits before credits. Date General Journal Debit Credit August 15, 2018 Record entry Clear entry View general journal
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