The following are transactions between Tamarisk Corp., the consignor, and Carla Vista Stores Ltd, the consignee for the month of June 2020. Tamarisk 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 Carla Vista to Tamarisk and a net payment is made. The agreement stipulates that Carla Vista is to receive a 20% (of sales) commission and a 8% (of sales) rebate to offset its advertising expenses. June 1 June 5 June 30 Tamarisk Corp, ships merchandise costing $490,000 on consignment to Carla Vista Stores Ltd. Tamarisk pays the freight of $5,500 for the above shipment of June 1. Summary entry for the month of June: Carla Vista sells half of the merchandise for $685,000 cash. Carla Vista notifies Tamarisk that 50% of the merchandise has been sold for $685,000 and remits a cheque for the amount due under the consignment agreement. Tamarisk records the receipt of the cheque from Carla Vista. June 30 Prepare the journal entries necessary on the books of Tamarisk 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.) Date Account Titles and Explanation Debit Credit Debit Credit Date Account Titles and Explanation (To record consignment sales) (To record consignment sales) (To record cost of goods sold) eTextbook and Media List of Accounts Prepare the journal entries necessary on the books of Carla Vista 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.) Debit Credit Credit Date Account Titles and Explanation