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More info Oct 1 Sold a one-year subscription, collecting cash of $1,700, plus sales tax of 4%. The subscription will begin on October 1. Nov
More info Oct 1 Sold a one-year subscription, collecting cash of $1,700, plus sales tax of 4%. The subscription will begin on October 1. Nov 15 Remitted (paid) the sales tax to the state of Ohio. Dec 31 Made the necessary adjustment at year-end. Triton Publishing completed the following transactions for one subscriber during 2021 : Click the icon to view the transactions.) Requirement 1. 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.)
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