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i Requirements 1. Journalize these transactions. Explanations are not required. 2. What amounts would Travis Publishing Company report on the balance sheet at December 31,
i Requirements 1. Journalize these transactions. Explanations are not required. 2. What amounts would Travis Publishing Company report on the balance sheet at December 31, 2018? Travis Publishing Company completed the following transactions during 2018: Aug 1 Sep 15 Dec 31 Sold 300 six-month subscriptions, collecting cash of $6,000, plus sales tax of 4%. Remitted the sales tax to the state of Alabama. 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 explanations from any journal entries.) Aug 1. Sold 300 six-month subscriptions, collecting cash of $6,000, plus sales tax of 4%. Journal Entry Accounts Date Debit Credit Aug Sep 15. Remitted the sales tax to the state of Alabama. Journal Entry Accounts Date Debit Date Sep Debit C.edit 15 Dec 31. Made the necessary adjustment at year-end to record the amount of subscription revenue earned during the year. Journal Entry Date Accounts Debit Credit Dec 31 Requirement 2. What amounts would Travis Publishing Company report on the balance sheet at December 31, 2018? Balance Sheet (partial)
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