Sunland Manufacturing Ine shipped finishad poods invantory with a tatal cost of $$49,000$ to Novak Ratailing Ltd$.$ on May $1.$ The

agraemant betwaen the two companies was that Navak was to sell the product on consignment for Sunland Manufacturing Sunland

paid $$5,200$ in shipping costs in order to ship the merchandise. Novak paid a local newspaper $$2,600$ for advartising costs hwhich

Sunland promised to raimburse$).$ At September $30,$ the end of the accountingycar for both companiss, Novak had sold $75\%$ of the

merchandise for total sales of $$65,900.$ Novaknotified Sunland of the sales, retained a $2096$ commission, and remitted the cash dus to

Sunland.

$($a$)$

Prepare the journal entries requirad by the above transactions an the books of Sunland Manufacturinz $($Round answers to $0$

decimal places, e$\mathrm{.}85,275.$ 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.$)$

No$.$ Account Titles and Explanation

$($To record the shipment $$ merchanclise to FFA on

consignment.$)$

$[$

$[$