Tracy Company, a manufacturer of air conditioners, sold 230 units to Thomas Company on November 17, 2018. The units have a list price of $450 each, but Thomas was given a 30% trade discount. The terms of the sale were 4/10, n30. 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 26, 2018 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. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Prepare the journal entries to record the purchase by Thomas on November 17 and payment on November 26, 2018 and December 15, 2018 using the gross method of accounting for purchase discounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 Record the purchase of air conditioners. Note: Enter debits before credits. Date Debit Credit General Journal November 17, 2018 72,450 72,450 Record entry View general journal Clear entry Journal entry worksheet 2 3 Record payment of November 17 purchase. Note: Enter debits before credits. General Journal Debit Credit Date November 26, 2018 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 Record payment of November 17 purchase. Note: Enter debits before credits. Date General Journal Debit Credit December 15, 2018 Record entry Clear entry View general journal Journal entry worksheet 2 3 Record purchase of merchandise on account using net method Note: Enter debits before credits. Date Credit General Journal Debit November 17, 2018 Record entry Clear entry View general journal Journal entry worksheet 2 3 Record payment of November 17 purchase using net method. Note: Enter debits before credits. Date General Journal Debit Credit November 26, 2018 Record entry Clear entry View general journal Journal entry worksheet 2 3 1 Record payment of November 17 purchase using net method. Note: Enter debits before credits. Date General Journal Debit Credit December 15, 2018 View general journal Record entry Clear entry