E11-16 (similar to) Question Help O Outstanding Publishing completed the following transactions during 2018: (Click the icon to view the transactions.) Journalize the transactions (explanations are not required). Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entries.) Oct. 1: Sold a six-month subscription (starting on November 1), collecting cash of $540, plus sales tax of 4%. (Prepare a single compound entry for this transaction.) Date Accounts and Explanation Debit Credit Oct. 1 1 More Info - Oct. 1 Sold a six-month subscription (starting on November 1), collecting cash of $540, plus sales tax of 4%. 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. Print Done Choose from any list or enter any number in the input fields and then click Check Answer. ? 2 parts remaining Clear All Check