Amount of revenue pacific should recognize


Pacific Travels is a travel agency and sells flight tickets of reputed Airlines to customers for a commission of 3% of the ticket price. In the month of June 2013, Pacific sold $600,000 flight tickets of American Airlines to customers and incurred administrative and selling expenses of $3,500. What is the amount of revenue Pacific should recognize in the month of June 2013.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Amount of revenue pacific should recognize
Reference No:- TGS043824

Expected delivery within 24 Hours