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Blossom Inc. sells tickets for a Caribbean cruise on ShipAway Cruise Lines to Crane Company employees. The total cruise package price to Crane Company employees
Blossom Inc. sells tickets for a Caribbean cruise on ShipAway Cruise Lines to Crane Company employees. The total cruise package price to Crane Company employees is $ Blossom Inc. receives a commission of of the total price. Blossom Inc. therefore remits $ to ShipAway.
Prepare the journal entry to record the receipt of payment of $ from employees for the cruise packages and the remittance and revenue recognized by Blossom Inc. on this transaction. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.
No Account Titles and Explanation
Debit
Credit
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