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Help me correct my mistake Harwell Company manufactures automobile tires. On July 15,2021 , the company sold 1,000 tires to the Nixon Car Company for
Help me correct my mistake
Harwell Company manufactures automobile tires. On July 15,2021 , the company sold 1,000 tires to the Nixon Car Company for $50 each. The terms of the sale were 2/10,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 poyment on August 15, 2021. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the sale on July 15 (gnore cost of goods) and payment en July 23, 2021. (II no entry is required for a transaction/event, select "No journal entry required" in the first occount neld.) Step by Step Solution
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