Business, 23.10.2019 19:00 RobbyO

Jansen corporation shipped $20,000 of merchandise on consignment to gooch company. jansen paid freight costs of $2,000. gooch company paid $500 for local advertising, which is reimbursable from jansen. by year-end, 60% of the merchandise had been sold for $21,500. gooch notified jansen, retained a 10% commission, and remitted the cash due to jansen. prepare jansen’s journal entry when the cash is received. (round answers to 0 decimal places, e. g. 1,525. 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 0 for the amounts.)

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Jansen corporation shipped $20,000 of merchandise on consignment to gooch company. jansen paid freig...

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