The following are transactions between Sunland Corp., the consignor, and Sandhill Stores Ltd. the consignee, for the month of June 2023. Sunland 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 Sandhill to Sunland and a net payment is made. The agreement stipulates that Sandhill is to receive a 15% (of sales) commission and a 6% (of sales) rebate to offset its advertising expenses. June 1 Sunland ships merchandise costing $468,000 on consignment to Sandhill Stores. June: 5 Sunland pays the freight of $5,000 for the above shipment of June 1. June 30 Summary entry for the month of June: Sandhill sells half of the merchandise for $675,000cash. June 30 Sandhill notifies Sunland that 50% of the merchandise has been sold for $675,000 and remits a cheque for the amount due under the consignment agreement. Sunland records the receipt of the cheque from Sandhill. Prepare the journal entries necessary on the books of Sunland. (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. Record journal entries in the order presented in the problem. List all debit entries before credit entries. Tutecutusummary ent y] (To record consignment sales) (To record cost of goods sold) eTextbook and Media List of Accounts Saye for Later Attempts: 0 of 5 used Submit