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VIVUT, ZUZU Alpha Corp. shipped merchandise costing $60,000 on consignment to Beta Corp. Alpha paid the freight costs of $3,000 for the shippment to BetaBota

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VIVUT, ZUZU Alpha Corp. shipped merchandise costing $60,000 on consignment to Beta Corp. Alpha paid the freight costs of $3,000 for the shippment to BetaBota paid $1000 for local advertising, which is reimbursable from Alpha By year end, 40% of the merchandise has been sold for price of $82,000. On December 31, 2020, Beta notified Alpha, retained an 18% commission, and remitted the cash due to Alpha Prepare Beta & Alpha's journal entry for on December 31, 2020 when Alpha receives the cash owed to them from Beta. Date your journal entry(ies). Label your journal entries Beta or Alpha

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