Furtastic manufactures imitation fur garments. On June 1, 2021, Furtastic made a sale to Willetts Department Store under terms that require Willett to pay $195,000 to Furtastic on June 30, 2021. In a separate transaction on June 15, 2021, Furtastic purchased brand advertising services from Willett for $21,000. The fair value of those advertising services is $9,500. Furtastic expects that 4% of all sales will prove uncollectible. Required: 1. to 3. Prepare the journal entries to record the transactions above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1 .

• Record the Furtastics sale on June 1, 2021.

Date	General Journal	Debit	Credit
June 01, 2021

• 2. Record the Furtastics purchase of advertising services from Willett on June 15, 2021. Assume all of the advertising services are delivered on June 15, 2021.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
June 15, 2021

• 3 . Record the Furtastics receipt of $195,000 from Willett on June 30, 2021.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
June 30, 2021