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Harwell Company manufactures automobile tires. On July 15, 2021, the company sold 2.400 tires to the Nixon Car Company for $50 each. The terms of

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Harwell Company manufactures automobile tires. On July 15, 2021, the company sold 2.400 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, 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. af no entry is required for a transaction/event, select "No journal entry required in the first account Meld) View transaction list Journal entry worksheet Journal entry worksheet Record the cash collection on July 23. Note: Enter debits before credits. Date July 23, 2021 Debit Credit General Journal Cash Sales discounts forfeited Accounts recevable 117,600 2.400 120.000

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