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% trade discount. The terms of the sale were 2/10, n/30. Req 1 Req 2 Prepare the journal entries to record the sale on November 17 (ignore cost of goods and collection on November 26, 2021, assuming that the gross method of accounting for cash discounts is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Date General Journal Debit Credit | 1 61,740 X November 17, 202 Accounts receivable Sales revenue 61,740 X 61,740 November 26, 202 Cash Accounts receivable 61,740 X Req 1 Req 2 Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on December 15, 2021, assuming that the gross method of accounting for cash discounts is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) General Journal Credit No 1 Date November 17, 202 Accounts receivable Sales revenue Debit 61,740 X 61,740 X 2 63,000 December 15, 202 Cash Accounts receivable Sales discounts 61,740 X 1,260 X