The following are transactions between Splish Brothers Corp, the consignor, and Sunland Stores Ltd, the consignee for the month of June 2020. Splish Brothers uses a perpetual inventory system and has a separate perpetual record for inventory sent out on consignment At the end of each month sales are reported by Sunland to Splish Brothers and a net payment is made. The agreement stipulates that Sunland is to receive a 15% of sales) commission and a 6% (of sales) rebate to offset its advertising expenses. June 1 June un Splish Brothers Corp.ships merchandise costing $468,000 on consignment to Sunland Stores Ltd. Solish Brothers pays the freight of $5.000 for the above shipment of June 1 Summary entry for the month of June: Sunland sells half of the merchandise for $675.000 cash Suniand notifies Splish Brothers that 50% of the merchandise has been sold for $675,000 and remits a cheque for the amount due under the consignment agreement. Splish Brothers records the receipt of the cheque from Sunland. June 30 June 30 Prepare the journal entries necessary on the books of Splish Brothers Corp. (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 for the amounts Record journal entries in the order presented in the problem.) Debit Account Titles and Explanation Date Credit (To record consignment sales) (To record consignment sales) (To record cost of goods sold) e Textbook and Media List of Accounts Prepare the journal entries necessary on the books of Sunland Stores Ltd on June 1. June 5 and June 30. (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 for the amounts. Record journal entries in the order presented in the problem Date Account Titles and Explanation Debit Credit