Question
enrietta's Halloween House (H 3 ), has asked P 3 to sell Henrietta's uniquely designed costumes in P 3 's retail establishments. Henrietta will pay
enrietta's Halloween House (H3), has asked P3 to sell Henrietta's uniquely designed costumes in P3 's retail establishments. Henrietta will pay for the $350 in shipping to get the costumes to P3 and will reimburse P3 for advertising costs up to $275 along with paying a 10% commission on each costume sold. Henrietta shipped 500 costumes to P3 in 2021. Each costume costs Henrietta $35 to make and the selling price placed on the costumes by P3 is $64. P3 spent $320 on advertising of Henrietta's costumes in 2021 and sold 380 of the costumes. (Note - ignore Henrietta's entries - only make those for P3). record journal entry
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