Question: please answer the four requirements thanks :) Required information The following information applies to the questions displayed below.) Tracy Company, a manufacturer of ar conditioners,

Required information The following information applies to the questions displayed below.) Tracy Company, a manufacturer of ar conditioners, sold 200 units to Thomas Company on November 17, 2021. The units have a list price of $660 each, but Thomas was given a 25% trade discount. The terms of the sale were 2/10, 1/30. Required: 1. 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. 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. Required information The following information applies to the questions displayed below) Tracy Company, a manufacturer of alr conditioners, sold 200 units to Thomas Company on November 17, 2021 The units have a list price of $660 each, but Thomas was given a 25% trade discount. The terms of the sale were 2/10, 1/30 3-a. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2021 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 (gnore cost of goods) and collection on December 15, 2021 assuming that the net method of accounting for cash discounts is used
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