Waterway Corporation shipped $19,800 of merchandise on consignment to Gooch Company. Waterway paid freight costs of $1,900. Gooch Company paid $530 for local advertising, which is reimbursable from Waterway. By year-end, 65% of the merchandise had been sold for $20,100. Gooch notified Waterway, retained a 10% commission, and remitted the cash due to Waterway. Prepare Waterway's journal entry when the cash is received. (Round answers to O decimal places, e.g. 1,525. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Account Titles and Explanation (To record the cash remitted to Waterway.) (To record the cost of inventory sold on consignment.) Debit Credit