Journalize the entries to:

Record shipped merchandise

Record shipping costs

Record year end sales entry (2 entries)

Record year end cost of goods

Prepare the entries required by above transactions to:

Record payment of advertising

Record year end sales entry

Record remittance to consignor (2 entries)

Blossom Manufacturing Inc. shipped merchandise Ltd. on May 1. The agre on consignment for Blossom Manufacturing. Blossom incurred $4,600 in shipping to ship the merchandise. FFA paid a local newspaper $1,600 for advertising costs (which Blossom promised to reimburse). At September 30, the end of the accounting year for both companies, FFA had sold 60% of the merchandise for total sales of $66,000. FFA notified Blossom of the sales, retained a 15% commission, and remitted the cash due to Blossom. with a total value of $59,000 to FFA Retailing ement between the two companies was that FFA was to sell the product costs in order Prepare the journal entries required by the above transactions on the books of Blossom Manufacturing. (Round answers to O decimal places, e.g. 5,275. Credit account titles