Homework Help - Q&A from On x GGoogle X WP Test # 3 X NWP Assessment Player UI Appli X m/was/ui/v2/assessment-player/index.html?launchld=884f0c44-b482-4c61-babe-6702034f5248#/question/10 Maps Question 11 of 16 - / 14 IE Pharoah Manufacturing Inc. is a local manufacturing company. Rather than sell its product directly, Pharoah ships its finished goods inventory to CMR Retailing Ltd., who sells the product for Pharoah on consignment. During 2020, Pharoah ships $103,500 in merchandise to CMR. At the end of 2020, CMR has sold 65% of the merchandise for $64,500. CMR notifies Pharoah of the sales, retains a 20% commission, and remits the cash due to Pharoah. Prepare all the necessary journal entries on the books of Pharoah Manufacturing to record the consignment transactions. (Credit account titles are automatically indented when the 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.) No. Account Titles and Explanation Debit Credit 1. (To record shipped merchandise) 2. P SUS Prt Sc/ImpreHomework Help - Q&A from Onl x GGoogle X WP Test # 3 X NWP Assessment Player UI Appli /was/ui/v2/assessment-player/index.html?launchld=884f0c44-b482-4c61-babe-6702034f5248#/question/10 Maps Question 11 of 16 - / 14 2. (To record year end sales entry) 3 . (To record year end cost of goods) e Textbook and Media List of Accounts Prepare the journal entries on the books of CMR Retailing to record the consignment transactions. (Credit account titles are W X P SUSHomework Help - Q&A from On! x G Google X WP Test # 3 X NWP Assessment Player UI Apple as/ui/v2/assessment-player/index.html?launchld=884f0c44-b482-4c61-babe-6702034f5248#/question/10 Question 11 of 16