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please only complete question 11 i have question 10 done Return to question 10 Part 1 of 2 Required information Exercise 7-5 (Algo) Trade and
please only complete question 11 i have question 10 done Return to question 10 Part 1 of 2 Required information Exercise 7-5 (Algo) Trade and cash discounts; the gross method and the net method compared (L07-3) [The following information applies to the questions displayed below.) points Tracy Company, a manufacturer of air conditioners, sold 150 units to Thomas Company on November 17, 2021. The units have a list price of $560 each, but Thomas was given a 25% trade discount. The terms of the sale were 2/10, n/30. Exercise 7-5 (Algo) Part - 1 Required: 1. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2021, 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 on December 15, 2021. assuming that the gross method of accounting for cash discounts is used. Answer is complete and correct. Complete this question by entering your answers in the tabs below. Reg 2 Prepare the tournal entries to record the sale on November 17 Clonore cost of goods) and collection on November 26, 2021. Return to question 10 Exercise 7-5 (Algo) Part - 1 Part 1 of 2 Required: 1. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2021, assuming that the gross method of accounting for cash discounts is used. 2. Prepare the journal entries to record the sale on November 17 (gnore cost of goods) and collection on December 15, 2021, assuming that the gross method of accounting for cash discounts is used. points Answer is complete and correct. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2021, assuming that the gross method of accounting for cash discounts is used. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) No Date General Journal Debit Credit November 17, 202 Accounts receivable 63,000 Sales revenue 63.000 November 26, 202 Cash Sales discounts Accounts receivable 61,740 1.260 63.000 Return to question Exercise 7-5 (Algo) Part-1 Required: 1. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2021, 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 on December 15, 2021, assuming that the gross method of accounting for cash discounts is used. 10 points Answer is complete and correct. Complete this question by entering your answers in the tabs below. Reg 1 Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on December 15, 2021. assuming that the gross method of accounting for cash discount is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Date General Journal Debit Credit 1 November 17, 202 Accounts receivable 63.000 Sales revenue 83.000 63.000 December 15, 202 Cash Accounts receivable 83.000 Required information Exercise 7.5 (Algo) Trade and cash discounts; the gross method and the net method compared (LO7-3] The following information applies to the questions displayed below.) Part 2 of 2 Tracy Company, a manufacturer of air conditioners, sold 150 units to Thomas Company on November 17, 2021 The units have a list price of $560 each, but Thomas was given a 25% trade discount. The terms of the sale were 2/10, n/30 points Sipped Exercise 7-5 (Algo) Part - 2 cBook 3-a. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2021, assuming that the net method of accounting for cash discounts is used. 3-b. Prepare the journal entries to record the sale on November 17 [ignore cost of goods) and collection on December 15, 2021, assuming that the net method of accounting for cash discounts is used. Print Complete this question by entering your answers in the tabs below. References Reg 3A Reg 38 Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2021, assuming that the net method of accounting for cash discounts is used. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Check my work Required information Part 2 of 2 Complete this question by entering your answers in the tabs below. Reg Reg 38 points skipped Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2021, assuming that the net method of accounting for cash discounts is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list 1 Record the sale of 150 units with a list price of $560, a 25% trade discount (if applicable), with terms of 2/10, 1/30 under the net method. count (if 2 Record the cash collection on November 26. Credit Check my work 11 Required information Part 2 of 2 Complete this question by entering your answers in the tabs below. Reg 3A Reg 38 Skloped Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on December 15, 2021, assuming that the net method of accounting for cash discounts is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Record the sale of 150 units with a list price of $560, a 25% trade discount (if applicable), with terms of 2/10, n/30 under the net method count (if 2 Record the cash collection on December 15. Credit
please only complete question 11 i have question 10 done
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