Dec. 31 Subscription Revenue $150

Worldly Publishing completed the following transactions during 2016:

Oct. 1	Sold a six-month subscription (starting on November 1), collecting cash of $450, plus sales tax of 6%.
Nov. 15	Remitted (paid) the sales tax to the state of Tennessee.
Dec. 31	Made the necessary adjustment at year-end to record the amount of subscription revenue earned during the year.

Journalize the transactions (explanations are not required).