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View Policies Current Attempt in Progress Swifty Corporation shipped $23,000 of merchandise on consignment to Wildhorse Company. Swifty paid freight costs of $2,300. Wildhorse Company

image text in transcribed View Policies Current Attempt in Progress Swifty Corporation shipped $23,000 of merchandise on consignment to Wildhorse Company. Swifty paid freight costs of $2,300. Wildhorse Company paid $400 for local advertising, which is reimbursable from Swifty. By year end, 60% of the merchandise had been sold for $23,000. Wildhorse notified Swifty, retained a 10% commission, and remitted the cash due to Swifty. Prepare Swifty's journal entry when cash is received. (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.) A

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