Accounting for Commission Sales

Hi

I’m trying to account for a commission sale. Basically the item has been sold for £400. The owner is then paid £300 and the Commission is £100. I would normally record a secon hand purchase as stock but this is a Sale or Return item so doesn’t become stock.

I have tried various journals but without success.

Thank you

Answer to the below post details how to account for a commission sale:

http://community.quickfile.co.uk/t/invoicing-for-commission-sales/1253