Pharoah Manufacturing Inc. shipped finished goods inventory with a total cost of $54,600 to Coronado Retailing Ltd. on May 1 . The agreement between the two companies was that Coronado was to sell the product on consignment for Pharoah Manufacturing. Pharoah paid $4,700 in shipping costs in order to ship the merchandise. Coronado paid a local newspaper $2,700 for advertising costs (which Pharoah promised to reimburse). At September 30, the end of the accounting year for both companies, Coronado had sold 75% of the merchandise for total sales of $65,100. Coronado notified Pharoah of the sales, retained a 20% commission, and remitted the cash due to Pharoah. (a) Prepare the journal entries required by the above transactions on the books of Pharoah Manufacturing. (Round answers to 0 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