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Prepare the journal entries required by the above transactions on the books of Crane Manufacturing. $($Round answers to $0$ decimal

places, e$.$g$.5,275.$ 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. List all debit entries before credit entries. Use 'Revenue from

Consignment Sales' for the entry.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$($To record the shipment of merchandise to FFA on

consignment.$)$

$|$

$($To record the payment of shipping costs.$)$

Advertising Expense

$|$

$[$

$($To record notification of consignment goods sold and

receipt of cash remittance.$)$

Inventory on Consignment

$($To record cost of goods sold and adjust inventory.$)($b$)$

Prepare the journal entries required by the above transactions on the books of Shamrock Retailing. $($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. List all debit entries before credit entries. Use 'Revenue from Consignment Sales' for the entry.$)$

No$.$ Account Titles and Explanation

$($To record payment of advertising costs, reimbursable from

consignor.$)$

$($To record sales of consigned merchandise.$)$

$($To record remittance of cash to consignor less advertising

reimbursement and consignment commission.$)$Pe