K Travis Publishing completed the following transactions during 2016 Oct Nov Dec 1 Sold a six-month subscription (starting on November 1), collecting cash of $240, plus sales tax of 9%. 15 Remitted (paid) the sales tax to the state of Tennessee. 31 Made the necessary adjustment at year-end to record the amount of subscription revenue earned during t Journalize the transactions (explanations are not required). (Round all amounts to the nearest cent Record debits Oct. 1: Sold a six-month subscription (starting on November 1), collecting cash of $240, plus sales tax of 9%. (Prepare a single compound entry for this transaction) Date Oct 1 Accounts and Explanation Nov. 15 Remitted (paid) the sales tax to the state of Tennessee Date Nov. 15 Accounts and Explanation Debit Credit Debit Credit