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Required: Prepare the journal entries to record the sale on November 17(ignore cost...

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Accounting

Required:
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.
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.
Journal entry worksheet
1
2
Record the sale of 100 units with a list price of $600, a 30% trade discount (if applicable), with terms of 210,n30 under the gross method.
Note: Enter debits before credits.
General Journal
Debit
Credit
image

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