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 $700 each, but Thomas was given a 20% trade discount. The terms of the sale were 3/10. 1/30- 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. Required Required 1 2 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. View transaction list Journal entry worksheet 1 2 Record the sale of 100 units with a list price of $700, a 20% trade discount (if applicable), with terms of 3/10, n/30 under the gross method. Note: Enter debits before credits. Date November 17, General Journal Debit Credit 2024 Record entry View general journal Clear entry Required Required 2 S 1 of 2 ook E int int D rence 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 $700 each, but Thomas was given a 20% trade discount. The terms of the sale were 3/10. 1/30- 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. Required Required 1 2 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. View transaction list Journal entry worksheet < 1 Record the cash collection on November 26. Note: Enter debits before credits. Date November 26, General Journal Debit Credit 2024 Record entry View general journal Clear entry Show less A 1 2 ince 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 $700 each, but Thomas was given a 20% trade discount. The terms of the sale were 10. yo 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. Required Required 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. Note: 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 Show less Record the sale of 100 units with a list price of $700, a 20% trade discount (if applicable), with terms of 3/10, n/30 under the gross method. Note: Enter debits before credits. Date November 17, 2024 General Journal Debit Credit Record entry View general journal Clear entry > 2 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 $700 each, but Thomas was given a 20% trade discount. The terms of the sale were 3/10. 1/30. 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. Required Required 1 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. Note: 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 < 1 Record the cash collection on December 15. Show lessA Note: Enter debits before credits. Date December 15, General Journal Debit Credit 2024 Record entry View general journal Clear entry