Required information [The following information applies to the questions displayed below.] Tracy Company, a manufacturer of air conditioners, sold 120 units to Thomas Company on November 17, 2024. The units have a list price of $750 each, but Thomas was given a 20% trade discount. The terms of the sale were 2/10,n/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. Record the sale of 120 units with a list price of $750, a 20% trade discount (if applicable), with terms of 2/10,n/30 under the net method. Enter debits before credits. Record the cash collection on November 26. lote: Enter debits before credits. Record the cash collection on December 15. Note: Enter debits before credits. Record the sale of 120 units with a list price of $750, a 20% trade discount (if applicable), with terms of 2/10,n/30 under the net method. Note: Enter debits before credits