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Larkspur Corporation shipped $18,400 of merchandise on consignment to Gooch Company. Larkspur paid freight costs of $2,000. Gooch Company paid $540 for local advertising. which

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Larkspur Corporation shipped $18,400 of merchandise on consignment to Gooch Company. Larkspur paid freight costs of $2,000. Gooch Company paid $540 for local advertising. which is reimbursable from Larkspur. By year-end, 63% of the merchandise had been sold for $21,200. Gooch notified Larkspur, retained a 9% commission, and remitted the cash due to Larkspur. Prepare Larkspur's journal entry when the cash is received. (Round answers to 0 decimal ploces, eg. 1,525. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter Ofor the amounts.)

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