Question
Marin Inc. sells tickets for a Caribbean cruise on ShipAway Cruise Lines to Cullumber Company employees. The total cruise package price to Cullumber Company employees
Marin Inc. sells tickets for a Caribbean cruise on ShipAway Cruise Lines to Cullumber Company employees. The total cruise package price to Cullumber Company employees is $84,000. Marin Inc. receives a commission of 6% of the total price. Marin Inc. therefore remits $78,960 to ShipAway. Prepare the journal entry to record the remittance and revenue recognized by Marin Inc. on this transaction
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To record the remittance and revenue recognized by Marin Inc on this transaction we need to follow t...
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Project Management A Systems Approach to Planning Scheduling and Controlling
Authors: Harold Kerzner
10th Edition
978-0470278703
