Carla Vista Inc. sells tickets for a Caribbean cruise on ShipAway Cruise Lines to Sheridan Company employees. The total cruise package price to Sheridan Company employees is $$66,000.$ Carla Vista Inc. receives a commission of $6\%$ of the total price. Carla Vista Inc. therefore remits $$62,040$ to ShipAway.

Prepare the journal entry to record $(1)$ the receipt of payment of $$66,000$ from employees for the cruise packages and $(2)$ the remittance and revenue recognized by Carla Vista 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 $0$ for the amounts. List all debit entries before credit entries.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$1.$

Accounts Payable

Cash

Sales Revenue

$2.$