On June $3,$ Whispering Company sold to Chester Company merchandise having a sale price of $$4,600$ with terms of $\frac{2}{10},\frac{n}{60},$ f$.$o$.$b$.$ shipping point. An invoice totalling $$94,$ 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 Whispering 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 occount titles and enter $0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.$)$

No$.$

Date

Account Titles and Explanation

Debit

$(1)$

$(2)$