Harwell Company manufactures automobile tires. On July 15, 2021, the company sold 1,300 tires to the Nixon Car Company for $80 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.

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, select "No journal entry required" in the first account field.)

Journal entry worksheet

• Record the sale of 1,300 tires for $80 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, 2021	Accounts payable	100,880
	Sales revenue		100,880

Journal entry worksheet

• Record the cash collection on July 23.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
July 23, 2021