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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
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 10% commission is paid on goods sold. 40% | ||||||||
of the goods were sold by Pickle in 2021 for $600,000. | ||||||||
Record all necessary entries on the books of Pickle (the consignee) for the goods received, sold, and cash remitted. |
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