Wessel Guitars delivers its products to small musical instrument retailers on consignment. Wessel shipped four guitars with a total cost of $10,000 to Barchester Music Center on February 18 of the current year. Barchester accepted the guitars on consignment. The guitars have a combined retail selling price of $16,000. If Barchester sells the guitars it will be paid a 20% commission on the total retail price. Barchester sold all four guitars on April 20 for cash. It notified Wessel of the sale and remitted the cash, net of the 20% commission, on April 21. Prepare the journal entries for Wessel and for Barchester to record the consignment transactions.