Concord Company sells goods to Danone Inc by accepting a note receivable on January 2, 2020. The goods have a sales price of $630,700 (cost of $500,000 ). The terms are net 30 . If Danone pays within 5 days, however, it receives a cash discount of $10,700. Past history indicates that the cash discount will be taken. On January 28, 2020, Danone makes payment to Concord for the full sales price. (a) Prepare the journal entry(ies) to record the sale and related cost of goods sold for Concord Company on January 2, 2020, and the payment on January 28, 2020. Assume that Concord Company records the January 2, 2020, transaction using the net method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for the occount titles and enter 0 for the amounts.)