You work as an Accounting Intern, at the McDermott Bicycle Company,

On April $11,$ McDermott delivers a shipment of bicycles to Aufderhar's Bike Store.

The bill$/$invoice for this shipment is $$24,000.$ The payment terms are $\frac{2}{10},\frac{n}{30}.$ Aufderhar will pay on a later date.

PART $1$:

What Journal Entry should McDermott record on April $11?($ignore cost of sales and inventory$)$

No Journal Entry Required

PART $2$:

If Aufderhar pays McDermott on April $19$ and takes any applicable discount according the payment terms $\frac{2}{10},\frac{n}{30},$ what journal entry should McDermott make to record this payment?

Account

Debit

Credit