QUESTION 12 Tracy Company, a manufacturer of air conditioners, sold 100 units to Thomas Company on November 17, 2019. The units have a list price of $400 each, but Thomas was given a 20% trade discount. The terms of the sale were 2/10, 1/30. Thomas uses a periodic inventory system. Question The journal entries to record a full payment by Thomas on December 10, 2019, using the net method of accounting for purchase discounts would include: a debit to interest Expense of 5040 a debit to interest Expense of $800 a debit to Accounts Payable of $32,000 a debit to Accounts Payable of $31,200