Business, 10.11.2019 02:31 montanolumpuy

Buffalo corporation shipped $21,200 of merchandise on consignment to gooch company. buffalo paid freight costs of $1,900. gooch company paid $520 for local advertising, which is reimbursable from buffalo. by year-end, 61% of the merchandise had been sold for $21,400. gooch notified buffalo, retained a 10% commission, and remitted the cash due to buffalo.
prepare buffalo entry when the cash is received.

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Buffalo corporation shipped $21,200 of merchandise on consignment to gooch company. buffalo paid fre...