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Brief Exercise 18-16 Bridgeport Inc. sells tickets for a Caribbean cruise on ShipAway Cruise Lines to Carmel Company employees. The total cruise package price to Carmel Company employees is $84,000 Bridgeport Inc. receives a commission of 6% of the total price. Bridgeport Inc. therefore remits $78,960 to ShipAway Prepare the journal entry to record the remittance and revenue recognized by Bridgeport 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.) Account Titles and Explanation Debit Credit

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