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Harwell Company manufactures automobile tires. On July 15, 2021, the company sold 1900 tires to the Nixon Car Company for $70 each. The terms of

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Harwell Company manufactures automobile tires. On July 15, 2021, the company sold 1900 tires to the Nixon Car Company for $70 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, 2021. 2. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and payment on August 15, 2021. Answer is complete but not entirely correct. 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. (If no entry is required for a transaction/event, selecti" No journal entry required in the first account hield.) Date General Journal Debit Credit July 15, 2021 Accounts receivable 133,000 3 Sales revenue 133,000 No 1 >> 2 July 23, 2021 Cash 133,000 Harwell Company manufactures automobile tires. On July 15, 2021, the company sold 1,900 tires to the Nixon Car Company for $70 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, 2021. 2. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and payment on August 15, 2021. Answer is complete but not entirely correct. 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, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) General Journal Debit July 15, 2021 133,000 Sales revenue 133,000 No Date Credit 1 Accounts receivable 2. August 15, 2021 Cash 129,010

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