Sunland Manufacturing Inc. shipped finished goods inventory with a total cost of $47,300 to Bramble Retailing Ltd. on May 1. The agreement between the two companies was that Bramble was to sell the product on consignment for Sunland Manufacturing. Sunland paid $3,100 in shipping costs in order to ship the merchandise. Bramble paid a local newspaper $1,800 for advertising costs (which Sunland promised to reimburse). At September 30, the end of the accounting year for both companies, Bramble had sold 75% of the merchandise for total sales of $66,000. Bramble notified Sunland of the sales, retained a 20% commission, and remitted the cash due to Sunland.

Sunland Manufacturing Inc. shipped finished goods inventory with a total cost of $47,300 to Bramble Retailing Ltd. on May 1 . The agreement between the two companies was that Bramble was to sell the product on consignment for Sunland Manufacturing. Sunland paid $3,100 in shipping costs in order to ship the merchandise. Bramble paid a local newspaper $1,800 for advertising costs (which Sunland promised to reimburse). At September 30 , the end of the accounting year for both companies, Bramble had sold 75% of the merchandise for total sales of $66,000. Bramble notified Sunland of the sales, retained a 20% commission, and remitted the cash due to Sunland. (a) Prepare the journal entries required by the above transactions on the books of Sunland Manufacturing. (Round answers to 0 decimal places, eg. 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 0 for the amounts. List all debit entries before credit entries. Use 'Revenue from Consignment Sales' for the entry.) 2. Inventory on Consignment 3100 Cash (To record the payment of shipping costs.) 3. Cash Advertising Expense 1800 Commission Expense Revenue from Consignment Sales (To record notification of consignment goods sold and receipt of cash remittance.) 4. Cost of Goods Sold Inventory on Consignment (To record cost of goods sold and adjust inventory.) eTextbook and Media List of Accounts (To record notification of consignment goods sold and receipt of cash remittance.) 4. (To record cost of goods sold and adjust inventory.) eTextbook and Media Last saved 15 hours ago. Attempts: 0 of 3 used Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes. (b) The parts of this question must be completed in order. This part will be available when you complete the part above