On June $3,$ Whispering Company sold to Chester Company merchandise having a sale price of $$4,600$ with terms of $2/10,$ n$/60,$ f$.$o$.$b$.$ shipping point. An invoice totalling $$94,$ terms 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.