Current Attempt in Progress Q Sandhill Manufacturing Inc. shipped finished goods inventory with a total cost of $56,900 to FFA Retailing Ltd. on May 1. The agreement between the two companies was that FFA was to sell the product on consignment for Sandhill Manufacturing, Sandhill incurred $5,300 in shipping costs in order to ship the merchandise. FFA paid a local newspaper $1,900 for advertising costs (which Sandhill promised to reimburse). At September 30, the end of the accounting year for both companies, FFA had sold 75% of the merchandise for total sales of $66,700. FFA notified Sandhill of the sales, retained a 20% commission, and remitted the cash due to Sandhill Qu ACCO Ques Actor Quest Account Prepare the journal entries required by the above transactions on the books of Sandhill Manufacturing (Round answers to o decimal places, es. 5.275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Viewin Acroor No. Account Titles and Explanation 1. Inventory on Consignment Debit Credit Questio Accounting Cost of Goods Sold (To record shipped merchandise) Question Accounting 2. Question & Account (To record shipping costs.) 3 Question 5 of 8 -/7 E (To record notification of consignment goods sold and receipt of cash remittance.) 4. (To record year end cost of goods.) e Textbook and Media List of Accounts Prepare the journal entries required by the above transactions on the books of FFA Retailing. (Round answers to decimal places, eg. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) No. Account Titles and Explanation Debit Credit 1. (To record payment of advertising) Type here to search RI D E and Question 5 of 8 > ./7 Prepare the journal entries required by the above transactions on the books of FFA Retailing (Round answers to O decimal places eg. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required select "No Entry" for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit 1. (To record payment of advertising.) 2. (To record year end sales entry.) 3. (To record remittance to consignor.) e Textbook and Media List of Accounts Type here to search o IT CD E @ 9 > 7 8