Business, 20.11.2019 21:31, negativechill

Furtastic manufactures imitation fur garments. on june 1, 2018, furtastic made a sale to willett’s department store under terms that require willett to pay $160,000 to furtastic on june 30, 2018. in a separate transaction on june 15, 2018, furtastic purchased brand advertising services from willett for $14,000. the fair value of those advertising services is $6,000. furtastic expects that 3% of all sales will prove uncollectible. required: 1. to 3. prepare the journal entries to record the transactions above. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

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Furtastic manufactures imitation fur garments. on june 1, 2018, furtastic made a sale to willett’s d...