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. Reg 1 Reg 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 View journal entry worksheet No General Journal Debit Credit Date November 17, 2021 1 Inventory 58,200 Accounts payable 58.200 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 Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 Reg 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.) No Date General Journal Debit Credit 1 X 58,200 November 17, 202 Inventory Accounts payable 58 200 Req2 > View transaction list Journal entry worksheet 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. General Journal Debit Credit Date November 17, 2021 Record entry Clear entry View general journal