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help asap Harwell Company manufactures automobile tires. On July 15, 2024, the company sold 2.600 tires to the Nixon Car Company for $70 each. The
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Harwell Company manufactures automobile tires. On July 15, 2024, the company sold 2.600 tires to the Nixon Car Company for $70 each. The terms of the sale were 2/10, 1/30. 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 23,2024. 2. Prepare the joumat enties to record the sale on July 15 (ignore cost of goods) and payment on August 15, 2024. Prepare the joumal entries to record the sale on July 15 (ignore cost of goods) and payment on luly 23,2024. Note: If no entry is required for a transaction/event, select "No foumal entry requifed" in the first account ficld. Journal entry worksheet 2 Record the sale of 2,600 tires for $70 each with a term of 2/10,n/30 under the net method of accounting for cash discounts. Note: Enter debits before credits. Prepare the journal entries to record the sale on July 15 (ignore cost of poods) and payment on July 23,2024 . Note: if no entry is required for a transaction/event, select "No fournal entry required" in the first account field. Journal entry worksheet Record the cash collection on July 23. Wote: enter debits before crediss Step by Step Solution
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