Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2024, assuming that the gross method of accounting for cash discounts is used. 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 100 units with a list price of $800, a 25% trade discount (if applicable), with terms of 2/10,n/30 under the gross method. Note Enher abits belore credtis. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on December 15, 2024, assuming that the gross method of accounting for cash discounts is used. 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 100 units with a list price of $500, a 25% trade discoum (if applicable), with terms of 2/10, rya under the gross method. Tracy Company, a manufacturer of air conditioners, sold 100 units to Thomas Company on November 17, 2024. The units have a list price of $800 each, but Thomas was given a 25% trade discount. The terms of the sale were 2/10, 1/30. Required: 1. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26,2024. 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, 2024. assuming that the gross method of accounting for cash discounts is used. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2024, assuming that the gross method of accounting for cash discounts is used. 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 100 units with a list price of $800, a 25% trade discount (If applicable), with terms of 2/10, n/30 under the gross method. Prepare the joumal entries to record the sale on November 17 (ignore cost of goods) and collection on December 15, 2024, assuming that the gross method of accounting for cash discounts is used. 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 cash collection on December 15. Whe: Enter debits before credits. Prepare the fournal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2024, assuming that the gross method of accounting for cash discounts is used. Note: If no entry is required for a transactionvevent, select "No joumal entry required" in the first account field. Journal entry worksheet Record the cash collection on November 26. Note: Eneer debits before credki
