subject
Business, 19.03.2020 00:33 rosepabon

Indigo Travel, Inc. sells tickets for a dude ranch excursion at Weeping T Ranch to Big City Corporation employees. The total package price to Big City Corporation employees is $144,000. Indigo Travel Inc. receives a commission of 8% of the total price. Indigo Travel Inc. therefore remits $132,480 to Weeping T Ranch. Prepare the journal entry to record the remittance and revenue recognized by Indigo 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.)

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 00:10
What are the forecasted levels of the line of credit and special dividends? (hints: create a column showing the ratios for the current year; then create a new column showing the ratios used in the forecast. also, create a preliminary forecast that doesn’t include any new line of credit or special dividends. identify the financing deficit or surplus in this preliminary forecast and then add a new column that shows the final forecast that includes any new line of credit or special dividend.) now assume that the growth in sales is only 3%. what are the forecasted levels of the line of credit and special dividends?
Answers: 1
question
Business, 22.06.2019 02:20
The following information is available for jase company: market price per share of common stock $25.00 earnings per share on common stock $1.25 which of the following statements is correct? a. the price-earnings ratio is 20 and a share of common stock was selling for 20 times the amount of earnings per share at the end of the year. b. the market price per share and the earnings per share are not statistically related to each other. c. the price-earnings ratio is 5% and a share of common stock was selling for 5% more than the amount of earnings per share at the end of the year. d. the price-earnings ratio is 10 and a share of common stock was selling for 125 times the amount of earnings per share at the end of the year.
Answers: 1
question
Business, 22.06.2019 21:50
By which distribution system is more than 90 percent of u.s. coal shipped? a. pipelinesb. trucksc. waterwaysd. railroadse. none of the above
Answers: 1
question
Business, 23.06.2019 01:00
Bob, an employee at machina corp., is well known among his colleagues because of his temper and impatience. during a heated argument with one of his supervisors, he reacts with hostility. bob's manager calls him in for a discussion and listens to what he has to say about the incident, while treating him with dignity and respect. this scenario can be best categorized as one that used
Answers: 3
You know the right answer?
Indigo Travel, Inc. sells tickets for a dude ranch excursion at Weeping T Ranch to Big City Corporat...
Questions
question
English, 18.11.2020 06:10
question
Mathematics, 18.11.2020 06:10
question
Mathematics, 18.11.2020 06:10
question
Mathematics, 18.11.2020 06:10
question
Social Studies, 18.11.2020 06:10
question
Mathematics, 18.11.2020 06:10
question
English, 18.11.2020 06:10
question
History, 18.11.2020 06:10
Questions on the website: 13722360