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 $$60,000.$ Cullumber Inc. receives a commission of $5\%$ of the total price. Cullumber Inc. therefore remits $$57,000$ to ShipAway.

Prepare the journal entry to record $(1)$ the receipt of payment of $$60,000$ from employees for the cruise packages and $(2)$ 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 $0$ for the amounts. List all debit entries before credit entries.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$1.$

$2.$