The following are transactions between Carla Vista Corp., the consignor, and Wildhorse Stores Ltd$.,$ the consignee, for the month of June $2023.$ Carla Vista uses a perpetual inventory system and has a separate perpetual record for inventory sent out on consignment. At the end of each month, sales are reported by Wildhorse to Carla Vista and a net payment is made. The agreement stipulates that Wildhorse is to receive a $20\%($of sales$)$ commission and a $8\%($of sales$)$ rebate to offset its advertising expenses.

June $1$ Carla Vista ships merchandise costing $$490,000$ on consignment to Wildhorse Stores.

June $5$ Carla Vista pays the freight of $$5,500$ for the above shipment of June $1.$

June $30$ Summary entry for the month of June: Wildhorse sells half of the merchandise for $$685,000$ cash.

June $30$ Wildhorse notifies Carla Vista that $50\%$ of the merchandise has been sold for $$685,000$ and remits a cheque for the amount due under the consignment agreement. Carla Vista records the receipt of the cheque from Wildhorse.

$($a$)$

Prepare the journal entries necessary on the books of Carla Vista. $($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 $0$ for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.$)$