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Tracy Company, a manufacturer of air conditioners, sold 125 units to Thomas Company on November 17,2021. The units have a list price of $720 each,

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Tracy Company, a manufacturer of air conditioners, sold 125 units to Thomas Company on November 17,2021. The units have a list price of $720 each, but Thomas was given a 30% rade discount. The terms of the sale were 2/70, n(30. 6 book 3.a. Prepare the journal entries to record the sale on November 17 ignore cost of goods) and collection on November 26, 2021 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 (gnore cost of goods and collection on December 15, 2021 assuming that the net method of accounting for cash discounts is used. Print Puron Complete this question by entering your answers in the tabs below. Rea SA Rog 36 Prepare the Journal entries to record the sale on November 17 Conore cost of goods and collection on November 26, 2021, assuming that the net method of accounting for cash discounts is used. If no entry is required for a transaction event select "No Sournal entry Vered" in the first account field View fraction in View any weet

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