Ivanhoe Corporation shipped $18,300 of merchandise on consignment to Pharoah Company. Ivanhoe paid freight costs of $2,100. Pharoah Company paid $530 for local advertising, which is reimbursable from Ivanhoe. By year-end, 58% of the merchandise had been sold for $22,500. Pharoah notified Ivanhoe, retained a 10% commission, and remitted the cash due to Ivanhoe. Prepare Ivanhoe's journal entry when the cash is received. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation (To record the cash remitted to Ivanhoe.) Debit Credit