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Required information [ The following information applies to the questions displayed below. ] Tracy Company, a manufacturer of air conditioners, sold 2 0 0 units
Required information
The following information applies to the questions displayed below.
Tracy Company, a manufacturer of air conditioners, sold units to Thomas Company on November The units
have a list price of $ each, but Thomas was given a trade discount. The terms of the sale were
Required:
Prepare the journal entries to record the sale on November ignore cost of goods and collection on November
assuming that the gross method of accounting for cash discounts is used.
Prepare the journal entries to record the sale on November ignore cost of goods and collection on December
assuming that the gross method of accounting for cash discounts is used.
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Prepare the journal entries to record the sale on November ignore cost of goods and collection on December
assuming that the gross method of accounting for cash discounts is used.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
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