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 $750 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 Req 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.) View transaction list Journal entry worksheet 1 2 Record the sale of 100 units with a list price of $750, 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 > Journal entry worksheet 1 2 Record the cash collection on November 26. Note: Enter debits before credits. Date November 26, 2021 General Journal Debit Credit View general journal Record entry Clear entry Req 1 Req 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. (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 $750, 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 Journal entry worksheet 1 2 Record the cash collection on December 15. Note: Enter debits before credits. Date December 15, 2021 General Journal Debit Credit Record entry Clear entry View general journal 3-a. 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. 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. Complete this question by entering your answers in the tabs below. Req 3A Req 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 Journal entry worksheet 1 2 Record the sale of 100 units with a list price of $750, a 20% trade discount (if applicable), with terms of 3/10, n/30 under the net method. Note: Enter debits before credits. Date November 17, 2021 General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet < 1 2 Record the cash collection on November 26. Note: Enter debits before credits. Date November 26, 2021 General Journal Debit Credit View general journal Record entry Clear entry Req 3A Req 3B 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. (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 $750, a 20% trade discount (if applicable), with terms of 3/10, n/30 under the net method. Note: Enter debits before credits. Date November 17, 2021 General Journal Debit Credit View general journal Record entry Clear entry > Journal entry worksheet < 1 2 Record the cash collection on December 15. Note: Enter debits before credits. Date December 15, 2021 General Journal Debit Credit View general journal Record entry Clear entry