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Furtastic manufactures imitation fur garments. On June 1 , 2 0 2 4 , Furtastic made a sale to Willett's Department Store under terms that
Furtastic manufactures imitation fur garments. On June Furtastic made a sale to Willett's Department Store under terms that
require Willett to pay $ to Furtastic on June In a separate transaction on June Furtastic purchased brand
advertising services from Willett for $ The fair value of those advertising services is $ Furtastic expects that of all
sales will prove uncollectible.
Required:
Prepare the journal entry to record Furtastic's sale on June
Prepare the journal entry to record Furtastic's purchase of advertising services from Willett on June Assume all of the
advertising services are delivered on June
Prepare the journal entry to record Furtastic's receipt of $ from Willett on June
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