Required information The following information applies to the questions displayed below Tracy Company, a manufacturer of air conditioners, sold 220 units to Thomas Company on November 17, 2021. The units have a list price of $400 eachbut Thomas was given a 25% trade discount. The terms of the sale were 2 / (10n / 30) . Required: 1. Prepare the journal entries to record the sale on November 17 ignore cost of goods) and collection on November 26, 2021 assuming that the gross method of accounting for cash discounts is used. 2. Prepare the journal entries to record the sale on November ignore cost of goods) and collection on December 15, 2021 assuming that the gross method of accounting for cash discounts used. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Prepare the journal entries to record the sale on November 17 ( ignore cost of goods) and collection on November 26, 2021, assuming that the gross method of accounting for cash discounts used. ( entry is required for a transaction/event, select No joumal in the account field. View transaction

Required information [The following information applies to the questions displayed below.) Tracy Company, a manufacturer of air conditioners, sold 220 units to Thomas Company on November 17, 2021. The units have a list price of $400 each, but Thomas was given a 25% trade discount. The terms of the sale were 2/10,n/30. Required: 1. Prepare the journal entries to record the sale on November 17 (Ignore cost of goods) and collection on November 26, 2021. 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, 2021. assuming that the gross method of accounting for cash discounts is used. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Prepare the journal entries to record the sale on November 17 (Ignore cost of goods) and collection on November 26, 2021, assuming that the gross 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.) No Date General Journal Debit Credit AAAAR Prey 1 2 of 10 !!! Next > 2 Part 2 of 2 Required information [The following information applies to the questions displayed below! Tracy Company, a manufacturer of air conditioners, sold 220 units to Thomas Company on November 17, 2021. The units have a list price of $400 each, but Thomas was given a 25% trade discount. The terms of the sale were 2/10, 1/30. 3.5 points eBook 3-a. Prepare the journal entries to record the sale on November 17 (gnore 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. Hint Print References Complete this question by entering your answers in the tabs below. 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 View journal entry worksheet No General Journal Debit Credit Date November 17, Armounts nivable 66.000 Mc Graw Education