Tracy Company, a manufacturer of air conditioners, sold $200$ units to Thomas Company on November $17,2024.$ The units have a list price of $$450$ each, but Thomas was given a $30\%$ trade discount. The terms of the sale were $\frac{3}{10},\frac{n}{30}.$

$3-$a$.$ Prepare the journal entries to record the sale on November $17($ignore cost of goods$)$ andcash 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.

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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 required" in the first account field.

$1-$Journal entry worksheet

oRecord the sale of $200$ units with a list price of $$450,$ a $30\%$ trade discount $($if applicable$),$ with terms of $\frac{3}{10},\frac{n}{30}$ under the net method.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$November $17,2024,,,],[,,,],[,,,],[,,,]$

$2$ Journal Entry is to record the cash collection on November $26.$

Requirement $3$B $2$ entry$-$record the cash collection on december $15$