More info \begin{tabular}{ll} \hline & Sold a six-month subscription (starting on November 1 ), collecting cash \\ Oct. 1 & of $540, plus sales tax of 8%. \\ Nov. 15 & Remitted (paid) the sales tax to the state of Tennessee. \\ Made the necessary adjustment at year-end to record the amount of \\ Dec. 31 & subscription revenue earned during the year. \end{tabular} Triton Publishing completed the following transactions during 2018: (Click the icon to view the transactions.) Journalize the transactions (explanations are not required). Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entries.) Oct. 1: Sold a six-month subscription (starting on November 1), collecting cash of $540, plus sales tax of 8%. (Prepare a single compound entry for this transaction.) debits must still equal the total credits. (Prepare a single compound entry for this transaction. credits. Exclude explanations from journal entries. Round all amounts to the nearest dollar.) Nov. 15: Remitted (paid) the sales tax to the state of Tennessee. On Nov. 15, United Publishing sent the sales tax it collected to the state of Tennessee. When United pays the tax, the company will decrease, or debit, the Sales Tax Payable liability account and decrease Cash (an asset). Record the transaction now