Prepare the journal entries to record the following transactions on Cullumber Company's books using a perpetual inventory system.

$($a$)$

On March $2,$ Cullumber Company sold $$801,000$ of merchandise on account to Whispering Winds Company, terms $2/10,$ n$/30.$ The cost of the merchandise sold was $$521,000.($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

$($To record credit sale$)$

$($To record cost of merchandise sold$)$