Required Information Tracy Company, a manufacturer of alr conditioners, sold 125 units to Thomas Company on November 17, 2018. The units have a list price of $400 each, but Thomas was glven 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 (Ignore cost of goods) and collection on November 26, 2018, 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, 2018, assuming that the net method of accounting for cash discounts Is used. Complete this question by entering your answers in the tabs below Req 3A Req 3B Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2018, 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.) View transaction list Journal entry worksheet 1 2 Record the sale of 125 units with a list price of $400, a 20% trade discount (if applicable), with terms of 3/10, n/30 under the net method. Note: Enter debits before credits. General Journal Date Debit Credit November 17, 2018 Clear entry Record entry View general journal Required information Tracy Company, a manufacturer of alr conditioners, sold 125 units to Thomas Company on November 17, 2018. The units have a list price of $400 each, but Thomas was glven 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 (Ignore cost of goods) and collection on November 26, 2018, 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, 2018, assuming that the net method of accounting for cash discounts is used Complete this question by entering your answers in the tabs below. Req 3B Req 3A Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2018, 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.) View transaction list Journal entry worksheet > 1 2 Record the cash collection on November 26 Note: Enter debits before credits. Date General Journal Debit Credit November 26, 2018 Record entry Clear entry View general journal