Oriole Manufacturing Inc. shipped finished goods inventory with a total cost of $47,800 to Whispering Winds Retailing Ltd. on May 1. The agreement between the two companies was that Whispering Winds was to sell the product on consignment for Oriole 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 Oriole of the sales, retained a 20% commission, and remitted the cash due to Oriole. (a) Prepare the journal entries required by the above transactions on the books of Oriole Manufacturing. (Round answers to O decimal places, e.g. 5,275. 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 titles and enter O for the amounts. List all debit entries before credit entries. Use 'Revenue from Consignment Sales' for the entry.) No. Account Titles and Explanation 1. Debit Credit 2. (To record the shipment of merchandise to FFA on consignment.) 3. (To record the payment of shipping costs.) 4. (To record notification of consignment goods sold and receipt of cash remittance.) (To record cost of goods sold and adjust inventory.)