this is one question split into 2

Required informetion 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 manulacturer of air conditioners, sold too units to Thomas Company on November 17,2024 . The units have a list price of $800 each, but Thomas was given a 25% trade discount. The terms of the sale were 2/10,n/30. xercise 7.5 (Algo) Parts 1 and 2 equired: 1. Prepare the joumal 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 joumal entries to record the sale on November 17 (ignore cost of goods) and collection on December 15, 2024, assursing that the gross method of accounting for cash discounts is used. wote: If no entry is tequired for a transaction/event, select "too foumal entry required" in the first account fleld. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26,20 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. Comptete 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. 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 100 units to Thomas Company on November 17, 2024. The units have a list price of $800 each, but Thomas was given a 25% trade discount. The terms of the sale were 2/10,n/30. Exercise 7-5 (Algo) Part 3 3.-. 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. Complete this question by entering your answers in the tabs below. Drepare the Journal entries to record the sale on November 17 (lignore 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 transactionfevent, select ' "No fournal entry required" in the first account field. Journal entry worksheet Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on 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 accou Journal entry worksheet Record the sale of 100 units with a list price of $800, a 25% trade discount (if applicable), with terms of 2/10,n/30 under the net method. Note: Enter debits before credits. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 2 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 Note: Enter debits before credits. 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. 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 100 units with a list price of $800, a 25% trade discount (if applicable), with terms of 2/10,/30 under the net method. Note: Enter debits before credits. Prepare the journal entrios to record the sale on November 17 (ignore cost ol goods) and coilection on December 15.2024 assiuming that the net method of accounting for cash discounts in used. Note: if no entry lis required for a tramsaction/event, select "No jourmal entry required" in the fist account field, Journal entry worksheet Record the cash collection on December 15