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Tracy Company, a manufacturer of air conditioners, sold 150 units to Thomas Company on November 17, 2018. The units have a list price of $640 each, but Thomas was given a 25% trade discount. The terms of the sale were 2/10, n/30 Required: 1. Prepare the journal entries to record the sale on November 17 ignore cost of goods) and collection on Nove 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 Decem assuming that the gross method of accounting for cash discounts is used 3-a. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on assuming that the net method of accounting for cash discounts is used 3-b. Prepare assuming that the net method of accounting for cash discounts is used. November 26, 2018, the journal entries to record the sale on November 17 (ignore cost of goods) and collection on December 15, 2018, Complete this question by entering your answers in the tabs below ces Req 1 Req 2 Req 3A Req 3B Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2018. assuming that the gross method of accounting for cash discounts is used. (If no entry is required for a transaction/event select "No journal entry required in the first account field.) View transaction list Journal entry worksheet

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