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, 2021. 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, 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. Complete this question by entering your answers in the tabs below. Req 1 Red 21 pare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2021, assuming for transaction/event, select "No journal entry 3 of 4 apped Book ant ences 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, 2021 General Journal Debit Credit Record entry Clear entry View general journal art 3 of 4 Journal entry worksheet Skipped < 1 2 Record the cash collection on November 26. Book Note: Enter debits before credits.. Hint Print Hences Date November 26, 2021) General Journal Debit Credit View general journal Record entry Clear entry of 4 View transaction list Journal entry worksheet < 1 2 ed ces 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, 2021 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Part 3 of 4 10 points Journal entry worksheet < 1 2 Skipped Record the cash collection on December 15. Hint eBook Note: Enter debits before credits. Print Date References December 15, 2021 General Journal Debit Credit Record entry Clear entry View general journal