Question: please help. it's one question Required information Exercise 7-5 (Algo) Trade and cash discounts; the gross method and the net method compared [LO7-3] [The following

 please help. it's one question Required information Exercise 7-5 (Algo) Trade

and cash discounts; the gross method and the net method compared [LO7-3]

[The following information applies to the questions displayed below.] Tracy Company, a

please help. it's one question

Required information Exercise 7-5 (Algo) Trade and cash discounts; the gross method and the net method compared [LO7-3] [The following information applies to the questions displayed below.] Tracy Company, a manufacturer of air conditioners, sold 200 units to Thomas Company on November 17,2024. The units have a list price of $650 each, but Thomas was given a 30% trade discount. The terms of the sale were 3/10,n/30 Exercise 75 (Algo) Parts 1 and 2 Required: 1. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26,2024 , 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 15,2024 , assuming that the gross method of accounting for cash discounts is used. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2024, assuming that the gross 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. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26,2024 , 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 15,2024 , assuming that the gross method of accounting for cash dliscounts is used. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the sale on November 17. (ignore cost of goods) and collection on November 26,2024 , assuming that the gross 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. Journal entry worksheet Record the sale of 200 units with a list price of $650, a 30% trade discount (if applicable), with terms of 3/10,n/30 under the gross method. Note: Enter debits before credits. 1. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26,2024 , 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 15,2024. assuming that the gross method of accounting for cash discounts is used. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the sale on November 17 . (ignore cost of goods) and collection on December 15,2024 , assuming that the gross 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. Journal entry worksheet Record the sale of 200 units with a list price of $650, a 30\% trade discount (if applicable), with terms of 3/10,n/30 under the gross method. Note: Enter debits before credits

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