2. (15 pts) Eversham Company is a consignee company which sells goods for other companies. During 2017, they received goods from Biggersham Company costing that company $300,000. They spent $10,000 on advertising to be reimbursed by Biggersham and were allowed a commission of 10% of the selling price of $450,000 for goods sold in 2017.

Record on the books of Eversham all necessary entries pertaining to the receipt of the inventory, the advertising, the cash sales of $450,000, and the remittance to Biggersham.

Dr. Cr.