Roxy Company, a manufacturer of air conditioners, sold 100 units to Willy Company on November 17, 2024. The units have a list price of $600 each, but Willy was given a 30% trade discount. The terms of the sale were 210/ , n30/ .

• Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2024, assuming that the gross method of accounting for cash discounts is used.
• Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on December 15, 2024, assuming that the gross method of accounting for cash discounts is used.