In October, 2019 DTS also launched a new service through its website (called PT CONT ED on the trial balance worksheet). PT CONT ED offers online continuing education to Physical Therapist and Assistant PTs through contracted independent instructors. Each instructor sets her own price for a training session. DTS connects interested individuals with the instructors but does not directly provide any of the training. For its services and per the contract, DTS is entitled to 20% of the total per session fee. DTS also considers this service part of its normal operations. DTS recorded the entire amount of the fee collected as revenue and recognized its cost associated with PT CONT ED as 80% of the fee.

The revenue from the trial balance is $1,560,100

if DTS is entitled to 20% that means -> 1,560,100 *20 % = 312,020

1,560,100 - 312,020 = 1,248,080

and if the cost is 80% that means -> 1,560,100 *80% = 1,248,080

1,560,100 - 1,248,080 = 312,020

my only confusion with this transaction/contract agreement is how do I recognize these transactions? what accounts will I be debiting and crediting? Thank you so much.