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. COMPLETE PART B

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, e.g. 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 O for the amounts. List all debit entries before credit entries. Use 'Revenue from Consignment Sales' for the entry.) Prepare the journal entries required by the above transactions on the books of Bramble Retailing. (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