The following information applies to the questions displayed below. Tracy Company , a manufacturer of air conditioners, sold 200 units to Thomas Company on November 17 , 2024. The units have a list price of $550 each, but Thomas was given a 25% trade discount. The terms of the sale were 2/10*^ n /30 3 -a. Prepare the journal entries to record the sale on November 17 ( ignore cost of goods) and collection on November 26, 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 (ignore cost of goods) and collection on December 15, 2024 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 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. Note: If no entry is required for a transaction/event, select "No journal entry requiredin the first account field.

Required information [The following information applies to the questions dispilayed below] Tracy Company, a manufacturer of air conditioners, sold 200 units to Thomas Company on November 17, 2024. The units have a list price of $550 each, but Thomas was given a 25% trade discount. The terms of the sale were 2/10. 1/30. 3-a. Prepare the joumal 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 (ignore cost of goods) and collection on December 15, 2024, assuming that the net method of accounting for cash discounts is used. Complete this question by entering your answers in the tabs below. Prepare the journai 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. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Required information [The following information applies to the questions displayed below] Tracy Company, a manufacturer of air conditioners, sold 200 units to Thomas Company on November 17, 2024. The units have a list price of $550 each, but Thomas was given a 25% trade discount. The terms of the sale were 2/10. 7/30. 3-a. Prepare the joumal 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 (ignore cost of goods) and collection on December 15, 2024, assuming that the net method of accounting for cash discounts is used. Complete this question by entering your answers in the tabs below. Prepare the joumal entries to record the sale on November 17 (ignore cost of goods) and collection on December 15, 2024, assuming that the net method of accounting for cash discounts is used. Note: if no entry is required for a transaction/event, select "No journal entry required" in the first account field