Question: PLEASE SHOW SOLUTION AND PUT ANSWER IN SAME FORMAT AS IN THE IMAGE. THANKS! Harwell Company manufactures automobile tires. On July 15, 2021, the company

PLEASE SHOW SOLUTION AND PUT ANSWER IN SAME FORMAT AS IN THE IMAGE. THANKS!

PLEASE SHOW SOLUTION AND PUT ANSWER IN SAME FORMAT AS IN THEIMAGE. THANKS! Harwell Company manufactures automobile tires. On July 15, 2021, thecompany sold 1,400 tires to the Nixon Car Company for $55 each.The terms of the sale were 2/15, n/30. Harwell uses the gross

Harwell Company manufactures automobile tires. On July 15, 2021, the company sold 1,400 tires to the Nixon Car Company for $55 each. The terms of the sale were 2/15, n/30. 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, 2021. 2. Prepare the journal entries to record the sale on July 15 (Ignore cost of goods) and collection on August 15, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entries to record the sale on July 15 (ignore cost of goods and collection on July 23, 2021. (If no entry is requ for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the sale of 1,400 tires for $55 each with a term of 2/15, n/30 under the gross method of accounting for cash discounts. Note: Enter debits before credits. Date General Journal Debit Credit July 15, 2021 Record entry Clear entry View general journal Required 1 Required 2 > Journal entry worksheet Required 1 Required 2 Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on August 15, 2021. (If no entry is n for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the sale of 1,400 tires for $55 each with a term of 2/15, n/30 under the gross method of accounting for cash discounts. Note: Enter debits before credits General Journal Debit Credit Date July 15, 2021 Record entry Clear entry View general journal Journal entry worksheet Record the cash collection on August 15. Note: Enter debits before credits. General Journal Debit Credit Date Aug. 15, 2021 Record entry Clear entry View general journal

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