On June $3,$ Wildhorse Company sold to Chester Company merchandise having a sale price of $$5,600$ with terms of $\frac{3}{10},$ n$/60,$ f$.$o$.$b$.$ shipping point. An invoice totalling $$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.

Your answer is partially correct.

Prepare the journal entry under basis $2,$ assuming that Chester Company did not remit payment until July $29.($If no entry is required, select $"$No Entry" for the account 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.$)$