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View Polls Current Attempt in Progress Crane Manufacturing in a local manufacturing company Rather than all its product directly Crane ships its finished goods Inventory to CMR Petaling Lid who sells the product for Crane on consignment, Durin 2020. Crane ships $116,500 in marchandise to CMR At the end of 2020, CMR has sold 65 of the merchandise for $72.500 CMR the Crane of the sales, retains a 20% commission and remits the shoe to Crane Prepare all the journal entries on the books of Crane Manufacturing to record the consignment transactions. (Credit account title are automatically inted when the amount hered Doroindent dyno entry is required, select "No Entry for the account title and enter for the mounts) No. Account Titles and Explanation Debit Credit . To record shipped merchandise 2 To record year and sales entry) 3. (To record year and cost of goods) Textbook and Media List of Accounts Prepare the journal entries on the books of CMR Ringto record the consument transactions Credit account titles are domotically indented when the amount is entered. Do not inden for regard.select "No Entry for the account titles and enter for the amount No. Account Titles and Prepare the journal entries on the books of CMR Retailing to record the consignment transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit 1. (To record year end sales entry) 2. (To record remittance to consignor) eTextbook and Media List of Accounts

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