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+ erta menon commodo contem rechten Chapter 7 Homework Oh my w 2 Required information Exercise 7-5 (Algo) Trade and cash discounts, the gross method and the net method compared LOZ. 3 The following information applies to be one yed Tracy Company, a manufacturer of ar conmones, o 200 ts to Thomas Company on Nov 12 2021 heat price $650 each, but Thomas was given a 20. trade discount Terms of these were 10 7/30 OS Exercise 7-5 (Algo) Part 2 - Prepare the journal entries to record the sale on November 17 ignore cost of goods and collection on November 25, 2017 assuming that the net mod of accounting for cash discounts 3-6. Prepare your enties to record the sale on November 17 ignore cost of goods and collection on December 15.02 assuming that the net method of accounting for cash discountsised Complete the custom bytering your answers in the tabs below N> ? N M V Z B B N 00 All PSC Can All Ctrl 16 X COND + Jcation.com/moindex-contumal browser-anchthon work Hels Save & Ex Chakmo Required information Prepare the journal entries to record the sale on November 17 lignore cost of goods) and collection on November 26, 2021, assuming that the net method of accounting for cash discount is used. (If no entry is required for a transaction event select 'No comenty required in the first account field.) View transaction list Journal entry worksheet 1 2 Record the sale of 200 units with a list price of $550.304 trade discount applicable), with terms of 3/10, 1/30 under the net method General Jo Debit cron Date November 17, 2021

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