Q$.$ Wessel Guitars delivers its products to small musical instrument refailens on consignment. Wessel shipped four guitars with a total cost of $$10,000$ to Barchester Mesic Center on February $18$ of the current year. Barehester acoepted the guitars on consignment. The guitars have a combined retail selling price of $$16,000.$ If Barchester sells the guitars, it will be paid a $209$ commission on the total retail price of the products. Barehester sold all four guitars on April $20$ for eash. It notified Wessell of the sale and remitled the nash, net of the $20\%$ commission, on April $21.$ Both companies ase the perpotual inventory method. Prepare the journal entries for Wessel and for Barchester to record the consignment transactions.

First, record the consigament sale transactions on Wessel's books. $($Record debits Erest, then credios. Exclude explanations from ary journas entries. If no entry is required select $"$No entry required" on the first account line and leave the remarnsig cells blank$)$

Prepare Wessel's journal entry, if any, to record the shipment of saventory out on consignment

$\backslash$table$[[$Accoury$,$February $18,],[,,],[,,]]$

Prepare Wessel's joumal entry, if any, to record the sale of inventory on April $20$ for cash

$\backslash$table$[[$Aocount$,$Apry $20,],[,,],[,,]]$

Prepare Wessel's joumal ontry, if any, upon notification that the inventory was rold and receipt of cash from Barchevter Music Center. Do not record any cost, this will be done in $\frac{?}{{?}_{\frac{?}{?}}}$ aeparate step boloro

$\backslash$table$[[$Acoount$,$Apnt $2$I,$],[,,],[,,]]$

Prepare Wessol's journal entry, is any, to record the cost of goods sold

$\backslash$table$[[$Accouns$,$ApnI $21],[,,],[,,]]$

Now, record the consignment sale transactions on Barchester'm books. $($Record debits first, then credits. Exclude explanations from any journal entries. If no entry is required, select $"$No entry required" on the first account line and leave the semainsng cells blank.$)$

Prepare Barchester's journal entry, if any, to record the shipment of inventory on February $18$

$\backslash$table$[[$Account$,$Febriary $18],[,]]$

Prepare Barchester's journal entry, if any, to record the sale of inventory on April $20$ for cash

$\backslash$table$[[$Acoount$,$Apri $20],[,,],[,,],[,,]]$

Prepare Barchester's journnl entry, if any, upon notification and renuittance of cash to Wessel

$\backslash$table$[[$Account$,$AprI $2$I$],[,,],[,,]]$

Prepare Barchester's journal entry, if any, to record the cost of sales.

$\backslash$table$[[$Account$,$April $21],[,1],[,]]$