Consignor : Lee Co.

Consignee : A.M. Fields

Cost of each set to consignor $100

Cost of shipment paid by consignor $75
Delivery and installation per set $10

CONSIGNEE BOOKS

Account
Shipment of 25 radio

Freight to consignee

Freight in 50 deliveries 80 Consignment in - Lee Co

Cash

Sales Account Receivable

Consignment in - Lee Co

Commisions Consignment in - Lee Co

Commissions on consignment sales

Remmitance

Consignment
Cash

Sales return
 Sets Received
Sets Sold 8
Sets Returned to consignor 2
Sets on hand

Sales, 8 @$200
Charges :
Freight in ###
Deliveries and installation expense ###
Commissions, 25% sales ###

Remittance enclosed
Balance owed

CONSIGNOR BOOKS

Debit Credit Account

Consignment out - AM Fields
Merchandise

Consignment out - AM Fields

Cash

130
130

1600
1600

400
400

Cash
Account Receivable
Consignment out - AM Fields
Consignment out - AM Fields
250
250 Consignment out - AM Fields
Consignment income

Merchandise
Consignment
 25

10
15

$1,600

###
$1,070
###
###

Debit Credit
2500
2500

75
75

250
820
530
1600

334
334

206
206