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PLEASE ANSWER ASAP! he merchandise for total sales of $62,900. Waterway notified Crane of the sales, retained a 20% commission, and remitted the cash due
PLEASE ANSWER ASAP!
he merchandise for total sales of $62,900. Waterway notified Crane of the sales, retained a 20% commission, and remitted the cash due to Crane. enter 0 for the amounts. List all debit entries before credit entries. Use 'Revenue from Consignment Sales' for the entry.) No. Account Titles and Explanation 1. (To record payment of advertising costs, reimbursable from consignor.) 2. (To record sales of consigned merchandise.) 3. (To record remittance of cash to consignor less advertising reimbursement and consignment commission.) Debit Credit Credit he merchandise for total sales of $62,900. Waterway notified Crane of the sales, retained a 20% commission, and remitted the cash due to Crane. enter 0 for the amounts. List all debit entries before credit entries. Use 'Revenue from Consignment Sales' for the entry.) No. Account Titles and Explanation 1. (To record payment of advertising costs, reimbursable from consignor.) 2. (To record sales of consigned merchandise.) 3. (To record remittance of cash to consignor less advertising reimbursement and consignment commission.) Debit Credit CreditStep by Step Solution
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