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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 $225,000

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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 $225,000 to Furtastic on June 30, 2021. In a separate transaction on June 15, 2021, Furtastic purchased brand advertising services from Willett for $27,000. The fair value of those advertising services is $12,500. 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.) View transaction list Journal entry worksheet 1 2 3 > Record the Furtastic's sale on June 1, 2021. Note: Enter debits before credits. General Journal Debit Credit Date June 01 2021 Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 3 > Record the Furtastic's 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 Record entry Clear entry View general journal View transaction list Journal entry worksheet

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