Exercise $7-6($Algo$)$ Cash discounts; the gross method $[$LO$7-3]$

Harwell Company manufactures automobile tires. On July $15,2024,$ the company sold $1,600$ tires to the Nixon Car Company for $\backslash (\backslash$$ $50\backslash )$ each. The terms of the sale were $\backslash (3/20,\backslash$mathrm$\{$n$\}/30\backslash ).$ Harwell uses the gross method of accounting for cash discounts.

Required:

$1.$ Prepare the journal entries to record the sale on July $15($ignore cost of goods$)$ and collection on July $23,2024.$

$2.$ Prepare the journal entries to record the sale on July $15($ignore cost of goods$)$ and collection on August $15,2024.$

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Required $2$

Prepare the journal entries to record the sale on July $15($ignore cost of goods$)$ and collection on July $23,2024.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.