$[$The following information applies to the questions displayed below:$]$

On July $15,2024,$ the Niche Car Company purchased $1,400$ tires from the Treadwell Company for $$45$ each. The terms of the sale were $210,"30.$ Niche uses a perpetual inventory system and the net method of accounting for purchase discounts.

Required:

$1.$ Prepare the journal entries to record the purchase on July $15$ and payment on July $23,2024.$

$2.$ Prepare the journal entry for the payment, assuming instead that it was made on August $15,2024.$

Complete this question by entering your answers in the tabs below.

Mon Mar $182$:$03$

Required $1$

Required $2$

Prepare the journal entries to record the purchase on July $15$ and payment on July $23,2024.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.