Sandhill Inc. sells tickets for a Caribbean cruise on ShipAway Cruise Lines to Sunland Co. employees. The total cruise package price to Sunland Co employees is $67,000 Sandhill Inc therefore remits $62,310 to ShipAway. Prepare the journal entry to record (1) the receipt of payment of $67,000 from employees for the cruise package. and (2) the remittance and revenue recognized by Sandhill Inc. on this transaction
