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Furtastic manufactures Imitation fur garments. On June 1, 2021. Furtastic made a sale to Willett's Department Store under terms that require Willett to pay $160,000

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Furtastic manufactures Imitation fur garments. On June 1, 2021. Furtastic made a sale to Willett's Department Store under terms that require Willett to pay $160,000 to Furtastic on June 30, 2021. In a separate transaction on June 15, 2021, Furtastic purchased brand advertising services from Willett for $14.000. The fair value of those advertising services is $6,000. Funtastic expects that 3% 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.) Journal entry worksheet >

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