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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

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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 3-a. Prepare the journal entries to record the sale on November 17 lignore 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 3A Reg 38 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.) No Date General Journal Debit Credit 58.200 1 November 17, 202 Accounts payable Cash 58.200 58.200 2 November 26, 202 Accounts payable Cash X 58.200 Reg 38 > 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, 1/30 3-o. 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 3A Reg 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.) No Date General Journal Debit Credit 1 November 17, 202 Inventory Accounts payable 93 3 2 December 15, 202 Accounts payable Sales discounts forfeited Cash

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