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B. On August 5, 2022, Famous Furniture shipped 100 dining sets on consignment to Furmiture Outlet, Inc. The cost of each dining set was $350
B. On August 5, 2022, Famous Furniture shipped 100 dining sets on consignment to Furmiture Outlet, Inc. The cost of each dining set was $350 each. The cost of shipping the dining sets, $4,200, was paid for by Famous Furniture. On December 30,2022 , the consignee reported the sale of 75 dining sets at $850 each. The consignee remitted payment for the amount due after deducting a 6% commission, advertising expense of $1,200, and installation and setup costs of $1,050. Prepare the journal entries on 12/31/2022 for the consignor, Famous Furniture, in 2022 (14 points)
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