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Prepare magical memories journal entries to record sale

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Question - Magical Memories sells Florida there park vacation packages to various customers throughout the United States. Magical Memories receives a 5% commission based on the total price of the vacation package. A customer purchased the Deluxe Package valued at $15,000. Prepare Magical Memories journal entries to record sale of the vacation package, the receipt of cash from the customer, and the remittance to the theme park.

Reference no: EM133121419

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