Week 7: Homework Saved 4 Part 2 of 2 Required Information [The following information applies to the questions displayed below.] Tracy Company, a manufacturer of ar conditioners, sold 220 units to Thomas Company on November 17, 2021. The units have a list price of $300 each, but Thomas was given a 25% trade discount. The terms of the sale were 2/10, 1/30. Thomas uses a perpetual Inventory system. 5 points 3. Prepare the journal entries to record the purchase by Thomas on November 17 and payment on November 26, 2021 and December 15, 2021 using the net method of accounting for purchase discounts. eBook Complete this question by entering your answers in the tabs below. Ask Req 3A Req 3B Print Prepare the journal entries to record the (a) purchase by Thomas on November 17 and (b) payment on November 26, 2021. Thomas uses the net 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.) References Complete this question by entering your answers in the tabs below. Req 3A Req 3B Prepare the journal entries to record the (a) purchase by Thomas on November 17 and (b) payment on November 26, 2021. Th uses the net method of accounting for purchase discounts. (If no entry is required for a transaction/event, select "No journal en required" in the first account field.) View transaction Mat Journal entry worksheet Record the purchase of air conditioners. Note: Enter debits before credits General Journal Debit Credit Date November 17, 2021 Record entry Clear entry Clear entry View general Journal Reg 3A Reg 3B Prepare the journal entry for the payment, assuming instead that it was made on December 15, 2021. (If no entry is transaction/event, select "No journal entry required in the first account field.) View transaction at Journal entry worksheet 1 Alternatively, record payment on December 15 using the net method of accounting for purchase discounts. Note: Enter debits before credits General Journal Debit Credit Date December 15, 2021 Record entry Clear entry View general Journal