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help Company A sold 200 units to Company 8 on November 17 . The units have a list price of $660 each, but Company B
help Company A sold 200 units to Company 8 on November 17 . The units have a list price of $660 each, but Company B was given a 25% irade discount. The terms of the sale were 2/10,n/30. Required: 1. Prepare the journal entries to record the sale on November 17 (Ignore cost of goods) and collection a few days fater on November 26, assuming that the gross method of accounting for cash discounts is used. 2. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection the next month on December 15, assuming that the gross method of accounting for cash discounts is used
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