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Harwell Company manufactures automobile tires. On July 15, 2021, the company sold 1,700 tires to the Nixon Car Company for $35 each. The terms of

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Harwell Company manufactures automobile tires. On July 15, 2021, the company sold 1,700 tires to the Nixon Car Company for $35 each. The terms of the sale were 3/15, 1/30. Harwell uses the gross method of accounting for cash discounts. Required: 1. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on July 23, 2021. 2. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on August 15, 2021 Answer is not complete. 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 collection on July 23, 2021. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) No Date General Journal Debit Credit 1 July 15, 2021 Accounts receivable Sales revenue 2 July 23, 2021 Cash Accounts receivable Required 2 > 110 s U lecord the sale on July 15 (ignore cost of goods) and collection on August 15, 2021. LUI Answer is not complete. 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 collection on August 15, 2021. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) No General Journal Debit Credit Date July 15, 2021 1 Accounts receivable ol Sales revenue 2 Aug. 15, 2021 Cash Sales discounts Accounts receivable 3

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