Harwell Company manufactures automobile tires. On July 15, 2024, the company sold 1,900 tires to the Nixon Car Company for $45 each. The terms of the sale were 310/310 , n3030 . 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, 2024.
2. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on August 15, 2024.

Harwell Company manufactures automobile tires. On July 15,2024 , the company sold 1,900 tires to the Nixon Car Company for $45 each. The terms of the sale were 3/10,n/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, 2024. 2. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on August 15, 2024. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on July 23, 2024. Note: 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 1,900 tires for $45 each with a term of 3/10,n/30 under the gross method of accounting for cash discounts. Note: Enter debits before credits. Harwell Company manufactures automobile tires. On July 15,2024 , the company sold 1,900 tires to the Nixon Car Company for $45 each. The terms of the sale were 3/10,n/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 23,2024. 2. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on August 15, 2024. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on July 23, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits