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Required information [The following information applies to the questions displayed below.] Tracy Company, a manufacturer of air conditioners, sold 100 units to Thomas Company on

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Required information [The following information applies to the questions displayed below.] Tracy Company, a manufacturer of air conditioners, sold 100 units to Thomas Company on November 17, 2024. The units have a list price of $640 each, but Thomas was given a 25% trade discount. The terms of the sale were 3/10,n/30. Required: 1. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26,2024 . 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 , 2024. assuming that the gross method of accounting for cash discounts is used. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2024, assuming that the gross method of accounting for cash discounts is used. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2024, assuming that the gross method of accounting for cash discounts is used. Note: if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Prepare the fournal entries to record the sale on November 17 (ignore cost of goods) and collection on December 15, 2024, assuming that the gross method of accounting for cash discounts is used. Note: If no entry is requlred for a transaction/event, select "No fournal entry required" in the first account field. Journal entiry worksheet Record the sale of 100 units with a list price of $640, a 25% trade discount (if applicable), with terms of 3/10,n/30 under the gross method. Note: Inter debits befone credits. lote: If no entry is required for a transaction/event, select "No Joumat entry required" in the first account fleld. Journal entry worksheet Record the cash collection on December 15 . Note: Enter debits before crodits

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