Question: please answer with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation. QUESTION: (Consignment Sales) On
please answer with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation. QUESTION: (Consignment Sales) On May 3, 2022, Eisler Company consigned 80 freezers, costing $500 each, to Remmers Company. The cost of shipping the freezers amounted to $840 and was paid by Eisler Company. On December 30,2022 , a report was received from the consignee, indicating that 40 freezers had been sold for $750 each. Remittance was made by the consignee for the amount due after deducting a commission of 6%, advertising of $200, and total installation costs of $320 on the freezers sold.
prepare the journal entries for consignee and consignor books
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