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Pickle Company is a consignee company that sells goods for other companies.During 2021, they received goods from Gale Company costing Gale $400,000.Pickle spent $10,000 on
Pickle Company is a consignee company that sells goods for other companies.During 2021, they received goods from Gale Company costing Gale $400,000.Pickle spent $10,000 on advertising and $1,000 on freight to get the goods to their store, both being reimbursed by Gale.A 15% commission is paid on goods sold.Half the goods were sold by Pickle in 2021 for $700,000.
Record all necessary entries on the books of Gale (the consignor) for the goods sent, sales,cost of sales, and cash remittance.
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