Inventory that cost $$530$ is sold for $$850,$ with terms of $\frac{2}{30},\frac{n}{60}.$ Give the journal entries to record $($a$)$ the sale of merchandise and $($b$)$ collection of the accounts receivable. Assume the sales discount is taken and accounted for using the gross method, and a perpetual inventory system is used. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

$\backslash$table$[[,$No$,$Transaction,General Journal,Debit,Credit$],[i,1,a(1),$Accounts Receivable,$650,.],[,,$Sales Revenue,,$650],[0,2,a(2),$Cost of Goods Sold,$490,],[,,$Inventory,,$490],[i,3,($b$),$Cash,$637,],[,,$Sales Discounts,$13,],[,,$Accounts Receivable,,$650]]$