Required informotion The following information applies to the questions displayed beliow: Tracy Company, a manufecturer of air conditioners, sold 125 units to Thomas Company on November 17, 2024. The units have a list price of $720 each, but Thomas was piven a 30% trade discount. The terms of the sale were 2/10. m/x Required: 1. Piepare the joumal entries to record the sale on November if (ghnore cost of goods) and collection on November 26,2024. assuming that the gross method of accounting for cash discounts is used. 2. Prepare the journal entries to record the sale on November (ignore cost of goods) and collection on December 15, 2024, assuming that the gross method of accounting for cash discounts is used. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2024, assuming that the groos method of accounting for cash discounts is used. thote: if no entry it required for a transection/event, select "No journal entry required" in the fint account field. Journal entry worksheet 2 Pecord the sale of 125 units with a list price of $720, a 30 s trade discount if applicable), with terms of 2/10,N/30 under the gross method