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Required tnformation The following thiormation applies to the questions displayed below] Tracy Company, a manufacturer of air conditoners, sold 200 units to Thomas Company on

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Required tnformation The following thiormation applies to the questions displayed below] Tracy Company, a manufacturer of air conditoners, sold 200 units to Thomas Company on November 17. 2024. The units have a list price of $660 each, but Thomas was given a 25% trade discount. The terms of the sale were 2/10. =/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 (jgnore cost of goods) and collectjon on Decomber 15, 2024, assuming that the net method of accourting 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 net method of accounting for cash discounts is used. Noter 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 200 units with a list price of $660, a 25% trade discount (if applicable), with terms of 2/10,n/30 under the net method. Notes if no entry is required for a transactiondevent, select "No joumal entry required" in the fint nociount field. Journal entry worksheet Record the sale of 200 units with a list price of $660, a 25% trade discount (if applicable), with terms of 2/10,n/30 under the net method. Notn: inter debitn before orecen. the the net method of accounting for conh discounts is used. Journal entry worksheet Record the cash collection on November 26. Note: Enter debits before credies. that the net method of acounting for cath descoums is uned. Journal entry worksheet Record the sale of 200 units with a list price of $660, a 25% trade discouns of applicable). with terms of 2/10,n/30 under the net mithod. Naten Enter debits before ovelen. Journal entry worksheet

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