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Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on July 23, Note: If no entry is
Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on July 23, Note: If no entry is required for a transaction/event, select "No journal entry required" in the first accoun Journal entry worksheet Note: Enter debits before credits. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on August 15, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" In the first account field. Journal entry worksheet Note: Enter debits before credits. Prepare the journal entries to record the sale on July 15 (Ignore cost of goods) and collection on July 23, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" In the first account field. Journal entry worksheet Record the sale of 1,700 tires for $55 each with a term of 2/10,n/30 under the gross 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 goods) and collection on Au Note: If no entry is required for a transaction/event, select "No journal entry required" in the first a Journal entry worksheet Record the sale of 1,700 tires for $55 each with a term of 2/10,n/30 under the gross method of accounting for cash discounts. Note: Enter debits before credits. Exercise 7.6 (Algo) Cash discounts; the gross method [LO7-3] Harwell Company manufactures automobile tires. On July 15, 2024, the company sold 1,700 tires to the Nixon Car Company for $55 each. The terms of the sale were 2/10.9/30. Harwell uses the gross method of accounting for cash discounts. Required: 1. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on July 23,2024. 2. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on August 15, 2024
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