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just part b please Oriole Manufacturing Inc. shipped finished goods inventory with a total cost of $47,800 to Whispering Winds Retailing Ltd. on May 1.
just part b please
Oriole Manufacturing Inc. shipped finished goods inventory with a total cost of $47,800 to Whispering Winds Retailing Ltd. on May 1. Manufacturing. Oriole paid $3,300 in shipping costs in order to ship the merchandise. Whispering Winds paid a local newspaper $1,600 for advertising costs (which Oriole promised to reimburse). At September 30 , the end of the accounting year for both companies, Whispering Winds had sold 75% of the merchandise for total sales of $64,300. Whispering Winds notified sales, retained a 20% commission, and remitted the cash due to Oriole. (a) places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Use 'Revenue from Cencianment Caloc' for the ontrul Prepare the journal entries required by the above transactions on the books of Whispering Winds Retailing. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tiStep by Step Solution
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