Required information [The following information applies to the questions displayed below] Tracy Company, a manufacturer of air conditioners, sold 140 units to Thomas Company on November 17, 2021. The units have a list price of $500 each, but Thomas was given a 20% trade discount. The terms of the sale were 3/10, 1/30 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 lgnore 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 Prepare the journal entries to record the sale on tiovember 17 lgnore cost of goods) and collection on November 20, 2021, assuming that the gross method of accounting for cash discount is used. If no entry is required for a transaction/vant lect No journal entry required in the first account field) Journal entry worksheet 1 2 Record the sale of 140 units with a list price of $500, a 20% trade discount (if applicable), with terms of 3/10, n/30 under the gross method. Note: Enter debits before credits Date November 17 2021 General Journal Debit Credit on equired information Journal entry worksheet o Saved anare the numatonta Torn Tha estamsher Fra wet n dolan Required information View transaction list Journal entry worksheet