Question: ! Please solve required 3 - a , 3 - b Show how to solve Required information [ The following information applies to the questions

! Please solve required 3-a,3-b Show how to solve
Required information
[The following information applies to the questions displayed below.]
Tracy Company, a manufacturer of air conditioners, sold 100 units to Thomas Company on November 17,2024. The units have a list price of $760 each, but Thomas was given a 25% trade discount. The terms of the sale were 210,n30.
3-a. Prepare the journal entries to record the sale on November 17(ignore cost of goods) and collection on November 26,2024, 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(ignore cost of goods) and collection on December 15,2024, assuming that the net method of accounting for cash discounts is used.
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Prepare the journal entries to record the sale on November 17(ignore cost of goods) and collection on November 26,2024, assuming that the net 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
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Record the sale of 100 units with a list price of $760, a 25% trade discount (if applicable), with terms of 210,n30 under the net method.
! Please solve required 3 - a , 3 - b Show how to

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