Response to the following problem:
On 1st October, 1961, Marten consigned goods to the value of £10,000 to Stevens, incurring expenses for freight and insurance of £600. An Account Sales was received from Stevens, who is entitled to a commission of 5% on gross sales, made up to 31st December, 1961, the end of Marten's accounting year, which showed that:
1. 60% of the goods had been sold for £8,000, but only £6,500 had so far been received.
2. Expenses of £300 had been incurred in connection with the goods consigned and £200 in connection with the goods sold. On 15th January, 1962, Marten incurred bank charges of £10 in cashing the sight draft for the balance due, which accompanied the Account Sales from Stevens. A further Account Sales was received, made up to 31st March, 1962, which showed that:
1. The balance of the goods had been sold for £5,500 and SeUing Expenses of £150 had been incurred.
2. All cash due had been received, except that a bad debt of £100 had been incurred. On 15th April, 1962, Marten incurred bank charges of £8 in cashing the sight draft for the balance due, which accompanied the Account Sales from Stevens.
Write up the accounts in the books of Marten necessary to reflect the above transactions.