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FreeStuff, Inc

question 17

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.


Definitions:

Drawing Software

Computer programs designed to aid in the creation of digital artwork, illustrations, and graphic designs.

Image-editing

The process of altering images, whether they are digital photographs, traditional photo-chemical photographs, or illustrations, using various software techniques.

Video-editing

The process of manipulating and rearranging video shots to create a new work.

Image-editing

The process of manipulating or altering digital images using software tools to improve, change, or enhance their appearance.

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