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Brief Exercise 18-17 bursable om Pearl By year-end, 61% of the merchandise had been sold pearl corporation shipped S20.700 of merchan se on consignment to
Brief Exercise 18-17 bursable om Pearl By year-end, 61% of the merchandise had been sold pearl corporation shipped S20.700 of merchan se on consignment to Gooch Company Pearl d freight costs o $2,000. Gooch Company paid S470 or loca advertising, which s re for S22.100. Gooch notified pear, retained a 9% commission, and remitted the cash due to pear. Prepare Pears journal entry when the cash is received. (Round answers to 0 decimal places, e.g. 1,525. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit To racord the cash remitted to Pearl.) To record the cost of inventory sold on consignment.) Click if you would like to Show Work for this question: Open Show Work
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