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On August 5, 2018, Famous Furniture shipped 40 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set was $350 each.

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On August 5, 2018, Famous Furniture shipped 40 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set was $350 each. The cost of shipping the dining sets amounted to $3,600 and was paid for by Famous Furniture. On September 1, 2018, the consignee paid $600 for advertising, which is reimbursable from consignor. On December 30, 2018, the consignee reported the cash sale of 30 dining sets at $850 each. The consignee remitted payment for the amount due after deducting a 6% commission and advertising expense of $600. Prepare the journal entries for consignee (Furniture Outlet) for the following transactions, if no journal entries are needed just write "NO JE". 1) The 40 dinning sets are delivered to consignee. Put your JE in the first box. 2) The reimbursable advertising expense was paid by consignee. Put your JE in the second box. 3) The sale transaction incurred; cash was received immediately from customers. Put your JE in the third box. 4) The consignee remitted payment for the amount due after deducting a 6% commission and advertising expense. Put your JE in the fourth box

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