Tracy Company, a manufacturer of air conditioners, sold 100 units to Thomas Company on November 17, 2018. The units have a lis price of $500 each, but Thomas was given a 30% trade discount. The terms of the sale were 210, n/30. Thomas uses a periodic inventory system. Required: 1.&2. Prepare the journal entries to record the purchase by Thomas on November 17 and payment on November 2 and December 15, 2018 using the gross method of accounting for purchase discounts 3. Repeat requirements 1 and 2 using the net method of accounting for purchase discounts 6, 2018 Complete this question by entering your answers in the tabs below Req 1 and 2 Req 3 Repeat requirements 1 and 2 using the net method of accounting for purchase discounts. transaction/event, select "No journal entry required" In the first account field.) accounting for purchase discounts. (F no entry is required for a