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Question 2 of 9 - 71 View Policies Current Attempt in Progress Travel SA sells tickets for a Caribbean cruise on ShipAway Cruise Lines to
Question 2 of 9 - 71 View Policies Current Attempt in Progress Travel SA sells tickets for a Caribbean cruise on ShipAway Cruise Lines to Pharoah Company employees. The total cruise package price to Pharoah Company employees is 76,000. Travel SA receives a commission of 6% of the total price. Travel SA therefore remits 71,440 to ShipAway. Prepare the journal entry to record the remittance and revenue (sales revenue) recognized by Travel SA 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 O for the amounts.) Account Titles and Explanation Debit Credit
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