5/1/2019Francis Corp. shipped $20,000 of merchandise on consignment toLawrence Co. Lawrence Co. paid $1,000 for local advertising which isreimbursable from Francis. By the end of the month, 60% of the merchandise had been soldfor 18,000 Lawrence notified Francis, retained a 10% commission, and remittedthe cash due to Francis. Prepare Francis Corp's journal entry when the cash is received on May 31, 2019. 2 journal entries with calculations required