Help Required information Exercise 8-9 (Algo) Purchase discounts; the gross method (LO8-3] [The following information applies to the questions displayed below.] On July 15, 2021, the Nixon Car Company purchased 2,000 tires from the Harwell Company for $40 each. The terms of the sale were 3/10, n/30. Nixon uses a perpetual inventory system and the gross method of accounting for purchase discounts. Exercise 8-9 (Algo) Parts 1 and 2 Required: 1. Prepare the journal entries to record the purchase on July 15 and payment on July 23, 2021. 2. Prepare the journal entry for the payment, assuming instead that it was made on August 15, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 < Prev 6 7 of 18 Next > Required information Journal entry worksheet < 1 2 Record purchase of tires. Note: Enter debits before credits. Date July 15, 2021 General Journal Debit Credit Record entry Clear entry + View general journal Required information Journal entry worksheet > 1 d Record payment of July 15 purchase. ces Note: Enter debits before credits. Date July 23, 2021 Saved General Journal Debit Credit Record entry Clear entry View general journal < Prev 6 7 of 18 Novt