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Urgent Help Needed!!! Tundra Electronics Company sends appliances to dealers on a consignment basis. The dealers sell the units at $920 per unit and the

Urgent Help Needed!!!

Tundra Electronics Company sends appliances to dealers on a consignment basis. The dealers sell the units at $920 per unit and the dealer earns a 30% commission on selling price. Tundras manufacturing cost of the appliance is $570. Assume that in 2020, 800 units were sent on consignment to Farber Hardware. Four hundred of these units were sold for cash, and by December 31, 2020, remittance had been made to Tundra Electronics for the units sold.

Prepare the required journal entries on the books of Tundra Electronics Company AND Farber Hardware for the transactions in 2020.

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