On January $10,2027,$ Pharoah Co$.$ sold merchandise on account to Bridgeport for $$8,700,$ terms $\frac{n}{30}.$ On February $9,$ Bridgeport gave Pharoah Co$.$ a $8\%$ promissory note in settlement of this account.

Prepare the journal entry to record the sale and the settlement of the accounts receivable. $($Omit cost of goods sold entries.$)($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.$)$