On June 3, Sunland Company sold to Chester Company merchandise having a sale price of $5,700 with terms of 2/10, 1/60, fo.b. shipping point. An invoice totaling $99. terms 1/30, 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. (a) Your answer is partially correct. Prepare journal entries on the Sunland 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. Sales and receivables are entered at net of cash discounts. (2) Of no entry is required, select "No Entry" for the account titles and enter for the amounts Credit account titles are automatically Indented when the amount is entered. Do not Indent manually) No. Date Account Titles and Explanation Debit Credit (1) June 3 Accounts Receivable 2100 Sales Revenue June 12 Cash 2050 No. Date Account Titles and Explanation Debit Credit (1) June 3 Accounts Receivable 2100 Sales Revenue June 12 Cash 2050 Sales Discounts 42 Accounts Receivable (2) June 3 Accounts Receivable 2058 Sales Revenue June 12 Cash 2058 Accounts Recelvable