2 of 13 < > 5.02/7 Show Attempt History Current Attempt in Progress On June 3, Swifty Company sold to Chester Company merchandise having a sale price of $4,600 with terms of 2/10, n/60, f.o.b. shipping point. An invoice totaling $93, terms n/30, was received by Chester on June 8 from John Booth Transport Service for the freight cost. On June 12, the company received a check for the balance due from Chester Company. - Your answer is partially correct. Prepare journal entries on the Swifty Company books to record all the events noted above under each of the following bases. (1) Sales and receivables are entered at gross selling price. (2) Sales and receivables are entered at net of cash discounts. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation June 3 Accounts Receivable Sales Revenue Debit 4600 Credit E 4600 June 12 Cash Sales Discounts Accounts Receivable June 3 Accounts Receivable Sales Revenue June 12: Cash Accounts Receivable 29 Cash Accounts Receivable Sales Discounts Forfeited