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Furtastic manufactures imitation fur garments. On June 1, 2018, Furtastic made a sale to Willett's Department Store under terms that require Willett to pay $175,000
Furtastic manufactures imitation fur garments. On June 1, 2018, Furtastic made a sale to Willett's Department Store under terms that require Willett to pay $175,000 to Furtastic on June 30, 2018. In a separate transaction on June 15, 2018, Furtastic purchased brand advertising services from Willett for $17,000. The fair value of those advertising services is $7,500. Furtastic expects that 3% of all sale will prove uncollectible. Required: 1. to 3. Prepare the journal entries to record the transactions above. (If no entry Is requlred for a transactlon/event, select "No journal entry required" In the first account field.) View transaction list Journal entry worksheet Record the Furtastic's sale on June 1, 2018. Note: Enter debits before eredits Date General Journal Debit Credit June 01, 2018 Record entry Clear entry View general journal
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