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! Required information Exercise 7 - 5 ( Algo ) Trade and cash discounts; the gross method and the net method compared [ LO 7

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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.]
Tracy Company, a manufacturer of air conditioners, sold 125 units to Thomas Company on November 17,2024. The units have a list price of $720 each, but Thomas was given a 30% trade discount. The terms of the sale were 210,n30.
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