Furtastic manufactures imitation fur garments. On June $1,2024,$ Furtastic made a sale to Willett's Department Store

under terms that require Willett to pay $$220,000$ to Furtastic on June $30,2024.$ In a separate transaction on June $15,$

$2024,$ Furtastic purchased brand advertising services from Willett for $$26,000.$ The fair value of those advertising

services is $$12,000.$ Furtastic expects that $3\%$ of all sales will prove uncollectible.

Required:

Prepare the journal entry to record Furtastic's sale on June $1,2024.$

Prepare the journal entry to record Furtastic's purchase of advertising services from Willett on June $15,2024.$

Assume all of the advertising services are delivered on June $15,2024.$

Prepare the journal entry to record Furtastic's receipt of $$220,000$ from Willett on June $30,2024.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

Record Furtastic's sale on June $1,2024.$

Note: Enter debits before credits.