Consignment-out estimates in Anderson inc. Seen below. What journal entry would be prepared on October 30...

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Consignment-out estimates in Anderson inc. Seen below. What journal entry would be prepared on October 30 to adjust this estimate? Consignment-out - Mr. Boy 15/10 10 radios $400 30/10 Sales 4 $340 radios (Cash remittance 15/10 Freight out $20 by consignee $340 less expense $123) 30/10 Consignee's Expenses; Freight in 55 Commission 68 Consignment-out estimates in Anderson inc. Seen below. What journal entry would be prepared on October 30 to adjust this estimate? Consignment-out - Mr. Boy 15/10 10 radios $400 30/10 Sales 4 $340 radios (Cash remittance 15/10 Freight out $20 by consignee $340 less expense $123) 30/10 Consignee's Expenses; Freight in 55 Commission 68

Answer rating: 100% (QA)

Step 1 Brief Consignment is a type of arrangement in which a person sends goods to other pe... View the full answer