On June $3,$ Swifty Company sold to Chester Company merchandise having a sale price of $$5,200$ with terms of $\frac{4}{10},$ n$/60,$ f$.$o$.$b$.$ shipping point. An invoice totalling $$95,$ terms $\frac{n}{30},$ 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.

$($a$)$

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.