Travel Inc. sells tickets for a Caribbean cruise on ShipAway Cruise Lines to Sandhill Company employees. The total cruise package price

to Sandhill Company employees is $$69,000.$ Travel Inc. receives a commission of $6\%$ of the total price. Travel Inc. therefore remits

$$64,860$ to ShipAway.

Prepare the journal entry to record $(1)$ the receipt of payment of $$69,000$ from employees for the cruise packages and $(2)$ the

remittance and revenue recognized by Travel 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.$)$

Sr$.$ No$.$ Account Titles and Explanation

Debit

Credit