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E9-29B Triton Publishing Company completed the following transactions during 2018: Nov 1 Sold 400 six-month subscriptions, collecting cash of $4,800, plus sales tax of 6%
E9-29B Triton Publishing Company completed the following transactions during 2018: Nov 1 Sold 400 six-month subscriptions, collecting cash of $4,800, plus sales tax of 6% Dec 15 Remitted the sales tax to the state of Kentucky Dec 31 Made the necessary adjustment at year-end to record the amount of subscription revenue earned during the year. Read the requirements Requirement 1. Journalize those transactions Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries) Nov 1. Sold 400 six-month subscriptions, collecting cash of $4,800, plus sales tax of 6% Journal Entry Debit Credit Accounts Dato Nov ons Requirements 1. Journalize these transactions. Explanations are not required. 2. What amounts would Triton Publishing Company report on the balance sheet at December 31, 2018? Print Done
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