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, ri/30. 3-a. Prepare the journal entries to record the sale on November 17 (Ignore cost of goods) and collection on November 26, 2024, 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, 2024, assuming that the net method of accounting for cash discounts is used. Req 3A Req 38 Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2024, assuming that the net 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. No Date General Journal 1 November 17, 202 Accounts receivable Sales revenue Sales discounts November 26, 202 Cash Sales discounts Accounts receivable Debit 48,000 Credit 36,000 12,000 46,560 1,440 48,000 Req A Req 38 > Complete this question by entering your answers in the tabs below. Req 3A Req 38 Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on December 15, 2024, assuming that the net 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. No 1 Date November 17, 202 Accounts receivable General Journal Sales revenue Sales discounts 2 December 15, 202 Cash Accounts receivable Debit 48,000 Credit 36,000 12,000 48,000 48,000