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1 Harwell Company manufactures automobile tires. On July 15, 2021, the company sold 1,400 tires to the Nixon Car Company for $40 each. The terms of the sale were 3/10, 1/30. Harwell uses the gross method of accounting for cash discounts. Required: 1. Prepare the journal entrie 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 2 points Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Hint 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 required for a transaction/event, select "No journal entry required in the first account field.) View transaction list References Journal entry worksheet 1 2 > Record the sale of 1,400 tires for $40 each with a term of 10, 1/30 under the gross method of accounting for cash discounts. Note: Enter debits before credits Date General Journal Debit Credit July 15, 2021 1 Harwell Company manufactures automobile tires. On July 15, 2021, the company sold 1,400 tires to the Nixon Car Company for $40 each. The terms of the sale were 3/10, 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. Book Required 1 Required 2 Hint 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 required for a transaction/event, select "No journal entry required" in the first account field.) Print View transaction list erences Journal entry worksheet 1 2 Record the sale of 1,400 tires for $40 each with a term of 3/10, n/30 under the gross method of accounting for cash discounts. Note: Enter debits before credits Date General Journal Debit Credit July 15, 2021

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