Required:

Prepare the journal entries to record the sale on July $15($ignore cost of goods$)$ and payment on July $23,2024.$

Prepare the journal entries to record the sale on July $15($ignore cost of goods$)$ and payment on August $15,2024.$

Complete this question by entering your answers in the tabs below.

Prepare the journal entries to record the sale on July $15($ignore cost of goods$)$ and payment on July $23,2024.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

Record the sale of $1,000$ tires for $$50$ each with a term of $\frac{2}{10},\frac{n}{30}$ under

the net method of accounting for cash discounts.

Note: Enter debits before credits.