Required information The following information applies to the questions displayed below? Tracy Company, a manufacturer of air conditioners, soid 200 units to Thomas Company on November 17,2021 . The units have a list price of $350 each, but Thomas was given a 30% trade discount. The terms of the sale were 2/10, n/30. Thomas uses a perpetual nventory system. tequired: Prepare the journal entries to record the (a) purchase by Thomas on November 17 and (b) payment on November 26, 2021. Thomas ises the gross method of accounting for purchase discounts. 2. Prepare the joumal entry for the payment, assurning instead that it was made on December 15,2021 . Complete this question by entering your answers in the tabs below. Piepare the journat entries to record the (a) purchase by Thomas on November 17 and (b) payment on November 26, 2021. Thomas uses the gross method of accounting for purchase discounts. IIt no entry is required for a transaction/event, setact "ivo journal entry Thoulfait" in the fire atrouint flald