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Required information (The following information applies to the questions displayed below.) Tracy Company, a manufacturer of air conditioners, sold 300 units to Thomas Company on November 17, 2021. The units have a list price of $275 each, but Thomas was given a 20% trade discount. The terms of the sale were 2/10, n/30. Thomas uses a perpetual inventory system. Check Required information Prepare the journal entries to record the (a) purchase by Thomas on November 17 and (b) payment on November 26, 2021. Thomas uses the gross method of accounting for purchase discounts. (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 Record the purchase of air conditioners. Note: Enter debits before credits. General Journal 33,000 Date November 17, 2021 Purchases Prev Required information Record the purchase of air conditioners. Note: Enter debits before credits. Credit Date General Journal November 17, 2021 Purchases Accounts payable Debit 33,000 33,000 Record entry Clear entry View general Journal Required Information Prepare the journal entry for the payment, assuming instead that it was made on December 15, 2021. (If no entry is required for transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Alternatively, record payment on December 15 using the gross method of accounting for purchase discounts. Note: Enter debits before credits General Journal Debit Credit Date December 15, 2021 Required information 1 Alternatively, record payment on December 15 using the gross method of accounting for purchase discounts. Note: Enter debits before credits. Date December 15, 2021 General Journal Debit Credit Record entry Clear entry View general journal

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