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Wildhorse Corporation shipped $20,900 of merchandise on consignment to Gooch Company. Wildhorse paid freight costs of $2,000. Gooch Company paid $460 for local advertising, which

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Wildhorse Corporation shipped $20,900 of merchandise on consignment to Gooch Company. Wildhorse paid freight costs of $2,000. Gooch Company paid $460 for local advertising, which is reimbursable from Wildhorse. By year-end, 54% of the merchandise had been sold for $19,500. Gooch notified Wildhorse, retained a 9% commission, and remitted the cash due to Wildhorse. Prepare Wildhorse's journal entry when the cash is received. (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 Debit Credit (To record the cash remitted to Wildhorse.) (To record the cost of inventory sold on consignment.)

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