Jungle Publishing completed the following transactions for one subscriber during $2021$ :

$($Click the icon to view the transactions$)$

Requirement

Journalize these transactions $($explanations not required$).$ Then report any liability on the company's balance sheet at December $31,2021.($Record debits first, then credits. Exclude explanations from journal entries.$)$

Start by journalizing the October $1$ st transaction. Recall Jungle Publishing sold a one$-$year subscription, collecting cash of $$2,300,$ plus sales tax of $8\%.$

$\backslash$table$[[$Journal Entry$],[$Date$,$Accounts,Debit,Credit$],[$Oct$,1[,,],[,,,],[,,,],[,,,]]$

More info

Oct $1$ Sold a one$-$year subscription, collecting cash of $$2,300,$ plus sales tax of $8\%.$ The subscription will begin on October $1.$

Nov $15$ Remitted $($paid$)$ the sales tax to the state of Georgia.

Dec $31$ Made the necessary adjustment at year$-$end.