Michael Cohen testified that he understood Trump would eventually pay for the rights to Karen's McDougal's story, which AMI had purchased for $150,000.

"What I was doing, I was doing at the direction of, for the benefit of Mr. Trump," Cohen said.

But Cohen and AMI's David Pecker, in their testimony, offered slightly different accounts of why Trump ultimately did not reimburse AMI for the McDougal payment.

According to Cohen, Pecker said that McDougal's cover on Men's Health magazine prompted massive sales, making the McDougal agreement an "excellent business deal" for AMI.

"It was no longer necessary," Cohen said.

"He told me to rip it up, forget it," Cohen said about the deal.

According to Cohen, Trump responded to the news by saying, "Wow, that's great."

According to Pecker, when he told Cohen that the deal was off, Cohen was furious -- and said Trump would be as well.

"He was very, very, angry, very upset, screaming basically, at me. And I said, 'I am not going forward with this agreement -- rip it up,'" Pecker testified earlier in the trial. "Michael Cohen said, 'The boss is going to be very angry at you.'

Michael Cohen said then-Trump Organization CFO Allen Weisselberg suggested using a non-Trump entity to make the $150,000 payment to AMI to distance Trump from the deal.

"I went to Allen's Office. I expressed to him that we need funding of $150,000 to consummate this transaction. Allen then said to me, 'Well, if we do it from a Trump entity, that kind of defeats the purpose,'" Cohen recounted.

Cohen said Weisselberg suggested using a non-Trump entity for the transaction to distance Trump from the deal. Cohen said Weisselberg asked him to "think about ways that we could raise the $150,000."

"It was in order to keep it separate," Cohen said.

Cohen told the jury that he created the company "Resolution Consultants LLC" to purchase the life rights to McDougal's story. When asked about the purpose of the company, Cohen responded that it was "to use this entity for the assignment of the McDougal matter as well as the other information."

The "other information" appears to be a reference to the National Enquirer's other records on Trump that Cohen sought to attain.

Earlier in the trial, jurors heard from Cohen's banker Gary Farro about Cohen's frantic effort to create a bank account for Resolution Consultants LLC and saw the bank records associated with the company.

According to Michael Cohen, the recording he secretly made of a 2016 meeting with Trump abruptly ended because he took an incoming phone call on his phone.

"I must have believed it was an important phone call," Cohen testified.

Cohen added that he believed he recorded enough to prove to Pecker that the $150,000 reimbursement was coming, which he said was the the goal of the recording.

"I didn't want to record more -- I already had enough," Cohen said.

Jurors saw a phone record from AT&T that suggested Cohen received a call around the time of the recording.

The conversation briefly continued after the recording ended, according to Cohen.

Cohen said he told Trump, "I am going to head over to Allen Weisselberg's office and I will get back to him with more of an update."

Jurors briefly saw the metadata for the recording.

"Did you ever alter that recording?" Hoffinger asked.

"No," Cohen said.

Trump, at the defense table, shook his head "no" at Cohen's response. The former president appears much more engaged now, thumbing through a stack of papers in his hands.

Judge Juan Merchan restarted the proceedings after the mid-morning break. Before prosecutor Susan Hoffinger resumed her direct examination of Michael Cohen, Merchan instructed the jury that, in regards the secretly made recording the jury just heard, the recording itself is evidence in the case, not the transcript.

“It is the tape itself that is the evidence,” Merchan said, though he said the transcript will be accessible to the jury during deliberations.

Trump, back from the break, appears much more alert, sitting in his chair with his body angled directly toward Cohen as Cohen recounts more of the recording.

Twice, Trump shook his head "no" as Cohen spoke.

After affirming he worked on "The Apprentice" and did personal work for Trump and members of his family, Michael Cohen confirmed he has never had a retainer agreement with Trump or his company.

"In the whole time you worked for the Trump Organization, you never had a retainer agreement?" defense attorney Todd Blanche asked.

"I never had a retainer agreement," Cohen said.

"And you never had a retainer agreement with any of those individuals, did you?" Blanche asked.

"Correct, Cohen answered.

"And the reason why you didn't have a retainer agreement is because you didn't need one?" Blanche asked. "You knew you were going to get paid?"

"Yes," Cohen said.

"You didn't have to worry when you did personal work for Donald Trump Jr. about the retainer agreement because you were getting paid by the Trump Organization, correct?" Blanche said.

"Correct," Cohen replied.

Blanche suggested there was "nothing wrong" with Cohen never having retainer agreement -- including when Cohen submitted invoices for legal work in 2017. At that time in 2017, Cohen was working as a private lawyer for Trump, separate from the Trump Organization.

Prosecutors have argued that Trump falsified records when he paid Cohen for legal services pursuant to a retainer agreement in 2017.

Blanche subsequently concluded his questioning for the day, with Cohen's cross-examination scheduled to continue on Monday.

Cohen did not look at Trump when he exited the courtroom.