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14 Furtastic manufactures imitation fur garments. On June 1, 2018, Furtastic made a sale to Willett's Department Store under terms that require Willett to pay
14 Furtastic manufactures imitation fur garments. On June 1, 2018, Furtastic made a sale to Willett's Department Store under terms that require Willett to pay $230,000 to Furtastic on June 30, 2018. In a separate transaction on June 15, 2018, Furtastic purchased brand advertising services from Willett for $28,000. The fair value of those advertising services is $13,000. Furtastic expects that 2% of all sales will prove uncollectible. 6.66 points Required: 1. to 3. Prepare the journal entries to record the transactions above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Skipped View transaction list Ask Print Journal entry worksheet References Record the Furtastic's sale on June 1, 2018. Note: Enter debits before credits. General Journal Debit Credit Date June 01, 2018
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