Essay
FreeStuff, Inc. operates a website which markets products from various manufacturers. FreeStuff accepts customer orders, forwards those orders and 80% of the customer payment to the appropriate manufacturer who then ships product directly to the customer.
Required:
Prepare the journal entry by FreeStuff when payment is received from a customer for $500 for merchandise to be provided by Handy Manufacturing.
Correct Answer:
Verified
Correct Answer:
Verified
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