Harwell Company manufactures automobile tires. On July $15,2024,$ the company sold $1,600$ tires to the Nixon Car Company for $$50$ each. The terms of the sale were $320/,$ n$30/.$ Harwell uses the gross method of accounting for cash discounts.

Required:

$1.$Prepare the journal entries to record the sale on July $15($ignore cost of goods$)$ and collection on July $23,2024.$

$2.$ Prepare the journal entries to record the sale on July $15($ignore cost of goods$)$ and collection on August $15,2024.$