Required information Skip to question [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, 2021. The units have a list price of $720 each, but Thomas was given a 30% trade discount. The terms of the sale were 2/10, n/30.

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.

Reg 3A Reg 3B Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 25, 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 Journal entry worksheet > Record the sale of 125 units with a list price of $720, a 30% trade discount (if applicable), with terms of 2/10, n/30 under the net method. Note: Enter debits before credits. Date General Journal Debit Credit November 17, 2021 Accounts receivable 61.740 Sales revenue 61,740 Reg 3A Reg 3B 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 Journal entry worksheet Record the cash collection on December 15. Note: Enter debits before credits. Date General Journal Debit Credit December 15, 2021 Cash 63.000 Sales discounts forfeited 1.260 Accounts receivable 61.740