Wessel Guitars delivers its products to small musical instrument retailers on consignment. Wessel shipped four guitars with a total cost of $10,000 to Barchester Music Center on February 18 of the current year. Barchester accepted the guitars on consignment. The guitars have a combined retail selling price of $16,000. If Barchester sells the guitars, it will be paid a 20% commission on the total retail price of the products. Barchester sold all four guitars on April 20 for cash. It notified Wessel of the sale and remitted the cash, net of the 20% commission, on April 21. Both companies use the perpetual inventory method. Prepare the journal entries for Wessel and for Barchester to record the consignment transactions. First, record the consignment sale transactions on Wessel's books. (Record debits first, then credits. Exclude explanations from any journal entries. If no entry is required, select "No entry required" on the first account line and leave the remaining cells blank.) Prepare Wessel's journal entry, if any, to record the shipment of inventory out on consignment. Account February 18