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Furtastic manufactures imitation fur garments. On June 1, 2024, Furtastic made a sale to Wilerts...

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Furtastic manufactures imitation fur garments. On June 1, 2024, Furtastic made a sale to Wilerts Department Store under terms that require Wilett to pay $250,000 to Furtastic on June 30,2024 . In a separate transaction on June 15, 2024, Furtastic purchased brand advertising services from Willett for $32,000. The fair value of those advertising services is $15,000. Furtastic expects that 3% of all sales will prove uncollectible. Required: 1. Prepare the journal entry to record Furtastic's sale on June 1, 2024. 2 Prepare the joumal entry to record Funtastic's purchase of advertising services from Wiliett on June 15, 2024. Assume all of the advertising services are defivered on June 15, 2024 3. Prepare the joumal entry to record Furtastic's receipt of $250,000 from Willett on June 30,2024 Note: If no entry is required for o tronsoction/event, select "No journal entry required" in the first occount fleid

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