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

$($a$)$

On March $2,$ Swifty Company sold $$869,000$ of merchandise on account to Blossom Company, terms $\frac{3}{10},\frac{n}{30}.$ The cost of the merchandise sold was $$605,000.($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

Debit

Credit