- On April 1, Pear Electronics Inc. shipped several laptop computers to Walton Retailers on consignment. On April 30, Walton reported the number of computers sold and remitted the appropriate amount to Pear. Other information pertaining to this consignment arrangement follows: 5 228 $ 945 $ 3,701 Number of laptop computers shipped to Walton Retailers Selling price per computer Amount paid by Pear Electronics to ship computers to Walton Retailers Commission charged by Walton to Pear on computers sold (as percentage of sales) Credit card processing costs incurred by Walton on all computers sold (to be reimbursed by Pear) Pear's cost per computer Number of computers sold by Walton during the month of April 7% $ 2,532 $ 473 103 Required: 1. Prepare all journal entries required for the consignment arrangement on the books of Pear Electronics. (8 marks) 2. Prepare all journal entries required for the consignment arrangement on the books of Walton Retailers. (4 marks)