Stellar Inc. sells goods to Brooks Corp. on account on January $2,2017.$ The goods have a sales price of $$493,000($cost of $$406,000).$ The terms are net $30.$ If Brooks pays within $6$ days, however, it receives a cash discount of $$8,500.$ A history of past similar transactions indicates that Brooks will take the cash discount. On January $7,2017,$ Brooks makes payment to Stellar for the full sales price.

$($a$)$

Prepare the journal entry$($ies$)$ to record the sale and related cost of goods sold for Stellar Inc. on January $2,2017,$ and the payment on January $7,2017.$ Assume that Stellar records the January $2,2017,$ transaction using the net method. $($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

$($To record sales$)$

$$

$$

$$

$($ANSWER ASAP PLEASE$)$