Consider these facts: April 1: Old Town Co. received an order from the New Guy Co. to buy $10,000 of widgets. Included with the order was a check payable to Old Town for $5,000 as a deposit towards the order. (New Guys deal with Old Town is to pay half upon order and the remaining balance within 30 days of receipt of the goods.) April 10: Old Town completed packing the order and notified UPS to pick up. April 13: UPS picks up the order. Per agreement with New Guy, all shipments are FOB shipping point. April 17: UPS delivers the goods to New Guy. May 10: New Guy mails a check for the remaining $5,000 due to Old Town. May 14: Old Town received New Guys check. What accounting entries will Old Town make? Be sure to include the date, account name, amount and if the entry is a debit or credit. Do the same thing for New Guy.