Caitlyn was approached by an apiary, Hug's Honeybess, to see if she was interested in selling Nucleus Colonies (a "starter kit" of bees). She was very apprehensive about selling bees as she didn't know if there was much demand for them. She expressed the she was open to selling them on consignment but only had room for 7 colonies. Each Nucleus Colony was priced to customers at $350 and would cost Country Critters $225. All 7 colonies are still available for sale at the end of 2020. She has no recording any entries for this transaction thus far. Please provided the journal entry(ies) to account for this transaction, if applicable and explain how to account for the goods, once sold.