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Horizon Publishing Company completed the following transactions during 2018: Sop 1 Sold 312 six-month subscriptions, collecting cash of $600, plus sales tax of 4%. Oct

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Horizon Publishing Company completed the following transactions during 2018: Sop 1 Sold 312 six-month subscriptions, collecting cash of $600, plus sales tax of 4%. Oct 15 Remitted the sales tax to the state of Idaho 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 these transactions. Explanations are not required. (Record debits first, then credits. Exclude explanation from any journal entries.) Sep 1. Sold 312 six-month subscriptions, collecting cash of $600, plus sales tax of 4% Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer 3 parts Clear All Check Answer remaining the necessary adjustment at year-end to record the amount of subscription revenue earned during the year. ents. i Requirements Durnalize these trans Ins from any journal en x-month subscription 1. Journalize these transactions. Explanations are not required. 2. What amounts would Horizon Publishing Company report on the balance shoot at December 31, 2018? Print Done

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