Travel Inc. sells tickets for a Caribbean cruise on ShipAway Cruise Lines to Sheridan Company employees. The total cruise package price to Sheridan Company employees is $77,000. Travel Inc. receives a commission of 6% of the total price. Travel Inc. therefore remits $72,380 to ShipAway. Prepare the journal entry to record (1) the receipt of payment of $77,000 from employees for the cruise packages and (2) the remittance and revenue recognized by Travel Inc. on this transaction.

Step-by-step explanation:

The journal entries are as follows

1. Cash A/c Dr $77,000

     To Account payable - Shipway $77,000

(Being the receipt of the payment is recorded)

2. Account payable $77,000

            To Sales revenue $4,620

           To Cash $72,380

(Being the remittance and revenue is recorded)

The sales revenue is calculated below

= $77,000 × 6%

= $4,620

let x be the money she spent so that she can earn the free t-shirt.

since, she already spent $112.49

⇒

also, as per the statement: jennifer must spend $250 or more in order to qualify for a free t-shirt at the store.

then,

we have an inequality i.,e

subtract 112.49 from both sides we get;

therefore, $137. 51 more money does jennifer need to spend so that she can earn the free t-shirt

a 270° rotation about point p says on e d g e n u it y (had to space it out because it says it's a misspelling so i couldn't submit it