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Cullumber Inc. sells tickets for a Caribbean cruise on ShipAway Cruise Lines to Blossom Company employees. The total cruise package price to Blossom Company employees
Cullumber Inc. sells tickets for a Caribbean cruise on ShipAway Cruise Lines to Blossom Company employees. The total cruise
package price to Blossom Company employees is $ Cullumber Inc. receives a commission of of the total price.
Cullumber 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 Cullumber 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 for the amounts.
List all debit entries before credit entries.
No Account Titles and Explanation
Debit
Credit
Sales Revenue
Cash
Accounts Payable
Commission Revenue
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